Regulatory Alerts2011-11-09
IBA Circular No. 1 of 2011 - Classification of Loans & Other Assets, 2011
The Central Bank of Belize issued IBA Circular No. 1 of 2011 to prescribe the methodology for evaluating and classifying loans and other assets held by international banking licensees. The regulation defines non-performing and restructured loans, mandating that adversely classified assets be categorized as Substandard, Doubtful, or Loss based on specific arrears periods and credit weaknesses. Licensees are required to conduct classification reviews quarterly and report detailed classified facility lists to the Central Bank using specified bank returns.
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