Regulatory Alerts2015-07-07 | CD-SIBOIF-897-1-JUL7-2015Added · Updated
Resolution Derogating the Standard on Short-Term External Debt
The Board of Directors of the Superintendence of Banks and Other Financial Institutions repeals Resolution CD-SIB-107-4-ABR26-2000, which contained the Standard on Short-Term External Debt and its subsequent reforms. This action removes specific limits on external debt in foreign currency contracted by banks with foreign financial institutions, citing that a more comprehensive regulatory framework for financial risk management is now in place. The repeal applies to the original standard and reforms included in Resolutions CD-SIBOIF-197-3-MAR01-2002 and CD-SIBOIF-299-1-JUN11-2004. The resolution enters into force upon notification.
Topics
Share