Regulatory Alerts2002-10-22
Added · Updated
COBAC Regulation R-2001/03 on Risk Division for Credit Institutions
COBAC Regulation R-2001/03 imposes permanent risk concentration limits on credit institutions, capping the ratio of total risks to net own funds at 45% and the ratio of large risks to net own funds at 800%. It defines large risks as exposures exceeding 15% of net own funds, establishes detailed risk weighting tables ranging from 0% to 100% based on counterparty ratings and collateral, and mandates internal risk management systems and monthly reporting. The regulation repeals the previous R-93/04 framework and entered into force on January 1, 2002.
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