Regulatory Alerts2009-10-01
Added · Updated
Instruction No. 004-DCR/09 of October 1, 2009 on the Reporting of Banking Risks
The Governor of the Central Bank of Madagascar issued Instruction No. 004-DCR/09 to mandate credit institutions to electronically report detailed banking risk exposures and borrower information to the Central Bank's Risk Center. The regulation standardizes fifteen categories of credit facilities, specifies precise identification requirements for natural and legal persons, and establishes monthly reporting deadlines with a 15-day submission window. It further outlines borrower consultation rights, data security protocols, rectification procedures, and applicable penalties for non-compliance or inaccurate disclosures.
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