Regulatory Alerts2015-02-03
Added · Updated
Regulation No. 003/2015 on Capital Requirements for Credit, Off-Balance Sheet, Operational Risks and Fixed Assets
The Central Bank of the Comoros issued Regulation No. 003/2015 to establish capital adequacy rules for credit institutions under Law 13-003/AU. The regulation mandates a minimum solvency ratio of 10% for credit and off-balance sheet risks, a fixed 15% operational risk charge on average banking income, and specific capital coverage for net fixed assets. It defines detailed risk weightings for various exposures and requires semi-annual reporting to the central bank.
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