Regulatory Alerts2019-07-05
Circular 81-6 on Foreign Exchange Risk Management
The Bank of the Republic of Haiti issued Circular 81-6 to mandate strict foreign exchange risk management protocols for all banks, including zero tolerance for end-of-day speculative positions and a structural position limit of 0.50% of capital. The regulation enforces daily and monthly reporting requirements via the SIF system and establishes specific accounting principles for revaluation and transaction recording. Non-compliance triggers escalating financial penalties, including fines for inaccurate reporting, regulatory breaches, and late submissions.
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