Regulatory Alerts2016-07-29 | DOF 5446210Added
Resolution modifying the General Provisions applicable to credit institutions
The resolution adds a transitional article allowing multiple banking institutions to phase in their operational risk capital requirements at 30% in the second half of 2016, 45% in the first half of 2017, 80% in the second half of 2017, and 100% from 2018 onwards. Institutions must notify the CNBV in writing of their chosen calculation approach and maintain a capital requirement no lower than the level recorded on June 30, 2016, unless a new calculation yields a lower figure. The resolution entered into force the day following its publication in the Official Gazette on July 29, 2016.
More like this from SHCP
SHCP published 14 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share