Regulatory Alerts2010-01-26
Added · Updated
Central Bank of Libya Circular 2010/3
Circular 2010/3 issues Decision No. 2 of 2010 concerning credit concentration limits and the controlling regulations and standards, explicitly repealing the previous Decision No. 46 of 2008. The document mandates that banks calculate credit concentration ratios by deducting the value of collateral from loans and facilities according to specific rules. It establishes deduction percentages for various collateral types, including cash guarantees, gold bullion, government and corporate securities, bank guarantees, and assigned receivables, with adjustments for currency mismatches and credit ratings.
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