Regulatory Alerts2014-06-30
Added · Updated
Instruction No. 005_GR_2014 on the Classification of Claims and Provisioning
The Central Bank of Mauritania issued Instruction No. 005_GR_2014 to standardize the classification of credit claims and the mandatory provisioning requirements for Mauritanian credit institutions. The regulation defines healthy, pre-doubtful, doubtful, and compromised claim categories based on payment irregularities and counterparty risk, while establishing specific provisioning rates of 20%, 50%, and 100% respectively. It further mandates strict accounting rules for interest recognition, guarantee valuation, claim restructuring, and off-balance sheet write-offs to ensure accurate financial reporting and risk mitigation.
More like this from BCM
We email you every new BCM publication the day it's published.
Topics
Share