Regulatory Alerts2003-01-01
Banks Act Circular 11/2003: Risk Weighting of the International Finance Corporation
The Registrar of Banks has reduced the regulatory risk weighting assigned to the International Finance Corporation from 100 percent to 20 percent under the Regulations relating to Banks. This adjustment aligns domestic capital requirements with the Basel Capital Accord and takes effect for the reporting period immediately following the circular's August 2003 issuance. Financial institutions must apply the new 20 percent weighting to their IFC exposures and return a signed acknowledgement of receipt to the Office along with their independent auditors.
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