Regulatory Alerts2000-06-20 | Resolución 038/2000Added · Updated
Resolution 038/2000: Regulation for the Authorization of Banks as Accredited Financial Entities (EFA)
The Central Bank of Bolivia approves a new regulation establishing the requirements, procedures, and obligations for banks to be authorized as Accredited Financial Entities (EFA) under the ALADI Reciprocal Payments and Credits Agreement. Banks must maintain specific capital sufficiency, hold risk ratings of at least TE-BBB- or BBBB-, and submit annual financial statements and audit reports to the Financial Entities Management. The regulation defines suspension periods of 30 or 90 days for specific compliance failures, indefinite suspension for repeated violations or negative audit opinions, and permanent suspension upon liquidation, while grandfathering existing EFA status for banks meeting the new criteria.
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