Regulatory Alerts2022-05-04
Agreement No. 004-2022 Modifying Article 31 of Agreement No. 2-2018 on Liquidity Risk Management and Short-Term Liquidity Coverage Ratio
The Banking Superintendence of Panama issued Agreement No. 004-2022 to amend Article 31 of Agreement No. 2-2018 regarding liquidity risk management and the short-term liquidity coverage ratio. The regulation explicitly includes the European Bank for Reconstruction and Development (EBRD) as an eligible Level 1 asset within the high-quality liquid assets fund, granting it a 0% risk weight. This modification aligns Panamanian banking standards with Basel Committee guidelines for multilateral development banks.
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