Regulatory Alerts2017-11-28
Added · Updated
Circular dated November 28, 2017 regarding amending the limits of banks’ currency positions
The circular reinstates the pre-December 29, 2012 limits for banks' currency positions, setting the threshold for surplus or deficit in any single foreign currency at 10% of the capital base and the total surplus or deficit in all currencies at 20% of the capital base. The surplus or deficit in the local currency position is also subject to a 10% limit. Banks must adhere to these limits by the end of each business day starting December 1, 2017, and are required to report any excess that exceeds double the specified limits within the same day.
Topics
fx
monetary
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