Regulatory Alerts2010-10-01
COBAC Regulation R-2010/03 Amending Prudential Accounting for Securities Operations by Credit Institutions
The Central African Banking Commission (COBAC) amends Article 24 of Regulation R-2003/03 to require credit institutions to include securities in their risk coverage and diversification calculations, regardless of classification. This amendment applies specific weighting rates for credit risks, risk diversification standards, shareholder commitments, and long-term transformation ratios, while excluding public trading securities from these calculations for a maximum six-month holding period. The regulation enters into force upon signature and is enforced by the Secretary General of COBAC.
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