Regulatory Alerts2012-11-21
Financial Institutions (Foreign Currency Exposure) (Amendment) Regulations 2009
The Central Bank issued these 2009 regulations to amend the Financial Institutions (Foreign Currency Exposure) Regulations by removing the term "net" from key definitions and Schedule 1. Regulation 5 is substituted to establish strict capital ratio limits, capping the total long position at twenty percent and the total short position at thirty percent. The amended rules commenced on 9 March 2009, with the revised ratio limits taking effect on 1 July 2009.
Share