Regulatory Alerts2021-07-20 | DOF 5624314Added · Updated
Resolution modifying the general provisions applicable to Credit Institutions
The CNBV amends Articles 1 and 2 Bis 17 of the General Provisions applicable to Credit Institutions to establish specific risk weightings for retail consumer credits, residential mortgage credits, and micro, small, and medium enterprise (MSME) credits. The resolution introduces tiered risk weights for residential mortgages based on the Loan-to-Value ratio (ranging from 20% to 70%) and sets fixed risk weights of 75% for qualifying consumer credits and 75-85% for qualifying MSME credits. These changes take effect on September 1, 2021, with transitional provisions allowing early implementation and grandfathering for existing credit portfolios and restructurings under specific conditions.
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