Regulatory Alerts2025-10-16
Added · Updated
Financial Intermediation Institutions - Treatment of Bilateral Netting Framework Agreements - Counterparty Risk and Credit Valuation Adjustments
The Superintendency of Financial Services amends Articles 160.2, 161, and 161.1 of the Financial System Regulation and Control Compilation to clarify capital requirements for counterparty risk and credit valuation adjustments. The resolution introduces specific criteria for bilateral netting framework agreements, including the use of the longest maturity for risk weighting and the inclusion of collateral in credit equivalent calculations. It also corrects a formula error in the calculation of credit equivalents for linear derivatives and purchased call options. These changes apply to financial intermediation institutions and take effect on January 1, 2026.