Regulatory Alerts2008-07-22 | Resolución 102/2008Added · Updated
Resolution 102/2008: Approval of the Regulation for the Administration of International Reserves
The Board of Directors of the Central Bank of Bolivia approves the new Regulation for the Administration of International Reserves, which replaces Resolution 153/2005 and Resolution 157/2007. The regulation establishes the composition of reserves into Working Capital and Investment Capital, defines authorized currencies and instruments, and sets specific risk limits, including a maximum 4% annual loss probability, a sovereign credit rating floor of AA-, and concentration caps of 10% per banking issuer. It also mandates that delegated administration does not exceed 30% of investment capital and prohibits investments in offshore financial institutions.
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