Regulatory Alerts2010-10-01
Added · Updated
COBAC Regulation R-2010/02 on Risk Division for Credit Institutions
COBAC Regulation R-2010/02 imposes permanent risk concentration limits on credit institutions supervised by COBAC, capping the ratio of total risks per beneficiary 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 risk weighting tables for asset and off-balance sheet items, and mandates internal management and periodic reporting of risk concentrations. Non-compliance triggers corrective injunctions, dividend distribution bans, and potential disciplinary sanctions.
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