Regulatory Alerts2020-06-18
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BRPD Circular Letter No. 31: Policy for Offshore Banking Operation of the Banks
The document amends Sections 6.2, 6.4.3, 8.8, and 8.11 of the Policy for Offshore Banking Operations of Banks to expand funding opportunities, optimize domestic currency usage, and enhance operational capacity. It introduces specific requirements for capital adequacy ratios, including a minimum 2.0% Cash Reserve Ratio (CRR) and 1.5% Statutory Liquidity Ratio (SLR) for offshore operations, calculated based on total demand and time liabilities. These amendments take effect immediately, except for the CRR directive which becomes effective on July 1, 2020.
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