Regulatory Alerts2020-04-08
Added · Updated
Regulatory reserve
The regulator issued this circular on April 8, 2020, to address capital adequacy and credit risk management challenges arising from the Covid-19 pandemic. It establishes a mechanism for calculating the reduction in Regulatory Reserve and adjusting the target rate of benchmark regulatory provision for locally incorporated authorized institutions. The document provides specific annexes detailing the calculation methods to support financial stability during the crisis.