Regulatory Alerts2020-12-04 | DOF 5606777Added · Updated
Resolution modifying the general provisions applicable to Credit Institutions
The resolution amends Article 2 Bis 32 to prohibit credit institutions from accepting real guarantees issued by the same common risk group as the borrower. It postpones the effective date of most modifications to the general provisions and related Financial Information Standards to January 1, 2022, while specific changes to articles 2 Bis 98 c, 51 Bis, 51 Bis 3, and Annex 71 take effect immediately upon publication. The document repeals the Eighth Transitory Article of the 2012 resolution and updates transitional articles to define accounting recognition methods, reserve formation schedules, and terminology changes such as equating Stage 3 credit risk portfolios with past-due portfolios.
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