Regulatory Alerts2015-07-01 | RESOLUCIÓN DE DIRECTORIO N° 106/2015Added · Updated
Board Resolution No. 106/2015 Approving the Regulation for the Administration of International Reserves
The Board of Directors of the Central Bank of Bolivia approves the new Regulation for the Administration of International Reserves, replacing Resolution No. 119/2014. The regulation establishes investment criteria prioritizing security, capital preservation, liquidity, diversification, and profitability, and structures reserves into a Precautionary Tranche and an Investment Tranche. It defines specific risk limits, including a maximum expected credit loss of 1% for the Precautionary Tranche and 0.8% for the Investment Tranche, and sets concentration limits for various sectors and issuers. The regulation also authorizes specific instruments, benchmarks, and delegated administration limits, effective immediately upon approval.
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