Regulatory Alerts2012-06-26 | Resolución 075/2012Added · Updated
Resolution 075/2012 Approving the Regulation for the Administration of International Reserves
Resolution 075/2012 approves the new Regulation for the Administration of International Reserves, replacing Resolutions 163/2011 and 049/2012, and establishes a compliance period ending December 31, 2012. The regulation mandates investment criteria prioritizing safety, capital preservation, liquidity, currency diversification, and profitability, and defines the composition of working and investment capital, including specific authorized instruments and benchmark comparators. It imposes strict risk limits, including a maximum 10% probability of annual loss, sovereign credit ratings of at least A, and concentration caps such as 5% per banking issuer and 0.1% per corporate issuer. The resolution also prohibits investments in offshore agencies, with an exception for Hong Kong in Chinese currency, and sets delegated administration limits at 20% of investment capital overall and 10% per institution.
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