Regulatory Alerts2026-01-29 | A 8394Circular LISOL 1-1132: Minimum Capital of Financial Entities. Market Risk Capital Requirement. Guidelines for Risk Management in Financial Entities. Adjustments.
The Central Bank of the Argentine Republic issued Communication “A” 8394 to implement adjustments to the Minimum Capital of Financial Entities, specifically updating market risk capital requirements and risk management guidelines. The resolution mandates the incorporation of new delimitation criteria between trading and investment portfolios, replaces key provisions on interest rate risk, equity positions, option valuation, and independent price verification, and establishes a standardized calculation formula for market risk capital. These adjustments take effect on August 1, 2026, requiring financial entities to reassign positions irrevocably based on exceptional circumstances, obtain senior management and SEFYC approval for portfolio transfers, and apply updated capital scalars to interest rate, equity, foreign exchange, and commodity risks.