Regulatory Alerts2008-09-03 | CD-SIBOIF-550-3-SEP3-2008Added · Updated
Norm on the Determination of the Risk Level of Institutions in the Deposit Guarantee System
The resolution establishes criteria for determining the risk level of financial institutions within the Deposit Guarantee System to calculate premiums, requiring each institution to obtain a rating from a recognized agency. It mandates the use of a long-term issuer rating equivalence table to map agency scores to four risk categories: Low, Normal, Medium, and High. The Superintendant is authorized to update the equivalence table for new or modified rating agencies and to modify Annex 1 as necessary. This regulation repeals the previous norm issued in 2007 and enters into force upon notification.
More like this from SIBOIF
We email you every new SIBOIF publication the day it's published.
Topics
Share