Regulatory Alerts2023-07-12
Added · Updated
Central Bank of Libya Circular 11/2022: Instructions for Calculating Capital Adequacy
The Central Bank of Libya mandates that commercial banks maintain a capital adequacy ratio of at least 12.5%, calculated using Basel II requirements for credit, market, and operational risks. The regulation defines the composition of core and supplementary capital, establishes specific risk weightings for trading book securities, and prescribes methods for calculating general and specific market risks as well as foreign exchange and gold exposures. Banks are required to submit these calculations monthly and semi-annually, certified by their external auditor, and must take immediate corrective action if their capital ratio falls below the mandated threshold.
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