Regulatory Alerts1999-07-06 | Resolución 056/99Added · Updated
Resolution 056/99: Modifications to the Regulation for the Authorization of Banks as Accredited Financial Entities (EFA)
The Board of Directors of the Central Bank of Bolivia amends the Regulation for the Authorization of Banks as Accredited Financial Entities (EFA) to remove the requirement for open market operations with the BCB to hold EFA status and deletes the definition of such operations. The resolution updates eligibility criteria by replacing a debt limit with a compliance requirement for the ALADI Reciprocal Payments and Credits Agreement and introduces a compensation table allowing banks with delinquent portfolios exceeding 12% to offset the excess by maintaining lower net delinquency provisions. Additionally, the text removes references to the BCB's Currency and Credit Management in suspension notifications and eliminates Articles 13 and 14 of the original regulation, with changes taking effect on August 1, 1999.
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