Decision No. 001/2007-CSBF on the Risk Division of Credit Institutions

DECISION NO. 001/2007-CSBF on the Risk Division of Credit Institutions The Banking and Financial Supervision Commission (CSBF), Having regard to Law No. 95-030 of February 22, 1996 on the activity and supervision of credit institutions, as amended, Having regard to Instruction No. 001/00-CSBF of February 1, 2000 on the available own funds of credit institutions, Having regard to Instruction No. 003/94-CCBEF of December 29, 1994 on the risk division of banks and financial institutions, as amended by Instruction No. 002/99-CSBF of July 22, 1999, Having regard to Decision No. 002/2004-CSBF/P of April 21, 2004 on the risk division of credit institutions, Having regard to Decision No. 006/2004-CSBF/P of June 7, 2004 on the risk division ratio of credit institutions, Pursuant to Article 41 of the aforementioned Law No. 95-030, which empowers the CSBF to set management standards that credit institutions must comply with in order to ensure their liquidity, solvency, and the balance of their financial structure, DECIDES:
Article 1. The risk division ratio of credit institutions is increased from 25% to 35%, effective February 1, 2007.
Article 2. All prior provisions to the contrary are and remain repealed.
Issued in Antananarivo, on January 29, 2007
For the Banking and Financial Supervision Commission, The President, Gaston E. RAVELOJAONA.