Regulatory Alerts2021-04-05
Agreement No. 001-2021 Modifying Articles 5 and 7 of Agreement No. 1-2015 on Capital Adequacy Standards for Banks and Banking Groups
The Banking Superintendence of Panama issued Agreement No. 001-2021 to amend Articles 5 and 7 of Agreement No. 1-2015 regarding capital adequacy standards for banks and banking groups. The regulation mandates that regulated entities must obtain prior authorization from the Superintendence and submit financial instrument prospectuses to include instruments in Additional Tier 1 and Tier 2 capital. This requirement ensures that all capital components meet specific regulatory characteristics and compliance criteria defined in the respective articles.
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