Regulatory Alerts2019-08-27 | CD-SIBOIF-1127-1-AGOST27-2019Norm on Reform to Article 51 of the Credit Risk Management Standard
The Board of Directors of the Superintendence of Banks and Other Financial Institutions issued Resolution No. CD-SIBOIF-1127-1-AGOST27-2019 to amend Article 51 of the Credit Risk Management Standard. The reform grants the Superintendent authority to grant specific exceptions to the norm, authorize the gradual establishment of provisions, and modify information requirements in the annexes as necessary. This resolution entered into force upon notification, with subsequent publication in the Official Gazette.
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