Regulatory Alerts2017-09-19 | CD-SIBOIF-1016-3-SEP19-2017Added · Updated
Norm on Reform of Article 4 of the Capital Adequacy Standard
The Board of Directors of the Superintendence of Banks and Other Financial Institutions amended Article 4, subsection H of the Norm on Capital Adequacy to include the Anti-Cyclical Provision Fund within secondary capital. This change allows supervised financial institutions to count voluntary generic provisions up to 1.25% of credit risk-weighted assets and the newly constituted anti-cyclical provision fund toward their capital adequacy measurements. The norm entered into force upon notification on September 19, 2017.