Regulatory Alerts2016-01-03 | CD-SIBOIF-926-4-ENE26-2016Added · Updated
Norm on Reform of Articles 4, 5, and 7 of the Capital Adequacy Norm
The Superintendence of Banks and Other Financial Institutions reforms Articles 4, 5, and 7 of the Capital Adequacy Norm to define secondary capital components, specify deductions from capital calculations, and adjust exchange rate risk methodologies. The updated rules require financial institutions to deduct specific deferred charges from primary capital and impose strict eligibility criteria for hybrid instruments and subordinated debt. Financial societies must comply with a phased deduction schedule for deferred charges, reaching 100% by December 31, 2019.
Topics
Share