Regulatory Alerts2018-10-05
Central Bank of Tunisia Circular to Banks No. 2018-08 dated October 5, 2018
The Central Bank of Tunisia issued Circular No. 2018-08 to amend Articles 56 and 58 of its March 2017 monetary policy framework, mandating that counterparties continuously align refinancing collateral allocations with published CAER system haircuts and calculating non-negotiable asset values using the formula CV = O x (1 – H). This update replaces previous provisions to standardize risk coverage and collateral mobilization across banking operations. The circular takes effect upon publication, ensuring immediate compliance with the revised quantitative thresholds and valuation methodology.
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