Regulatory Alerts2024-09-01
Added · Updated
Regulation No. 003/2023 on the Creation, Missions, Organization and Operation of the Deposit and Resolution Guarantee Fund
The Banque de la République du Burundi issued Regulation No. 003/2023 to establish the Deposit and Resolution Guarantee Fund (FGDR) to protect depositors and ensure financial stability. The regulation mandates compulsory membership for credit and microfinance institutions, defines the fund's governance structure, and outlines its resources, including premiums and investment rules. It further specifies the operational procedures for compensation limits, resolution processes, and the management of the fund's assets.
Topics
Share