Regulatory Alerts2011-01-25 | CD-SIBOIF-655-2-NOV24-2010Added · Updated
Norm on the Payment of Bonuses in Financial Institutions
This regulation establishes prudential bonus payment practices for financial institutions to ensure incentives do not increase risk profiles. It mandates that the board of directors actively supervise bonus policies, which must exclude guaranteed bonuses, incorporate risk adjustments, and defer payments to align with long-term value creation. The Superintendent is authorized to suspend or restrict bonus payments in cases of regulatory non-compliance, related-party transaction violations, or financial instability.
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