Regulatory Alerts2022-02-23
Added
BRPD Circular Letter No. 07: Guidelines on Internal Credit Risk Rating System
The document amends specific sections of BRPD Circular Letter No. 14/2021 regarding the Internal Credit Risk Rating System, establishing revised thresholds for the Probability of Default (PD) and Loss Given Default (LGD) components. These new guidelines apply to institutions with deteriorating financial conditions due to the pandemic and remain in effect until December 31, 2023. Upon this date, the previous circular is reinstated and the instructions in this letter are cancelled.
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