Regulatory Alerts2017-08-24
Added · Updated
Circular dated May 25, 2017 regarding obligating banks to inform their boards of directors of all instructions, controls, and correspondence issued by the Central Bank
The circular requires banks to inform their boards of directors of all instructions, controls, and correspondence issued by the Central Bank. It mandates that the board be notified of any instructions or controls issued to the bank, as well as any correspondence sent to the Central Bank. The document references previous circulars from August 23, 2011, and October 5, 2011, and emphasizes the importance of board oversight in these matters.
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