Regulatory Alerts2012-01-10 | Resolución 007/2012Added · Updated
Resolution 007/2012 Approving Modifications to the Legal Reserve Regulation
The Board of Directors of the Central Bank of Bolivia amends Articles 2 and 4 of the Legal Reserve Regulation to redefine the Additional Reserve Base (BEA) and adjust reserve requirements for Fixed-Term Deposits (DPF). The modification introduces a phased reduction schedule for the percentage of foreign currency and UFV-linked liabilities subject to additional reserves, starting at 100% in March 2012 and decreasing to 0% by August 2016. It also updates the reserve application table for DPFs, specifying that deposits with maturities over 360 days are exempt from cash and title reserves in national currency but remain subject to additional reserves in foreign currency. These changes apply to all financial entities authorized by the Financial System Supervision Authority and take effect on April 2, 2012.
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