Regulatory Alerts2008-08-20 | CD-SIBOIF-547-1-AGO20-2008Added · Updated
Norm on Credit Risk Management
This resolution establishes minimum provisions for financial institutions to identify, measure, monitor, limit, control, report, and disclose credit risk. It mandates the Board of Directors to adopt credit policies, establish a Credit Committee, and ensure independent asset classification. The document defines four credit categories—consumer, mortgage, microcredit, and commercial—and sets specific evaluation criteria for each, including mandatory cash flow analysis for commercial loans over $50,000 and foreign exchange risk assessments for similar amounts.