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.
CIR
Current
Issue Date:
08 Apr 2020
20200408-1-EN.pdf (105.8 KB)
Topic:
Capital Adequacy - Capital Base
Credit Risk Management - Loan classification/Provisioning
Miscellaneous - Covid-19 challenges
Group:
Locally Incorporated Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
Annex
Current
08 Apr 2020
Annex - Mechanism for calculating reduction in Regulatory Reserve (RR) and adjustment to target rate of benchmark regulatory provision
Annex
Current
08 Apr 2020
Annex - Mechanism for calculating reduction in Regulatory Reserve (RR) and adjustment to target rate of benchmark regulatory provision
Cross referenced Document
Version History
Superseded Document
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