Regulatory Alerts2016-12-28 | DOF 5467874Added
Resolution modifying the General Provisions on Liquidity Requirements for Multiple Banking Institutions
The Bank of Mexico and the National Banking and Securities Commission modify Annex 4 of the General Provisions on Liquidity Requirements for Multiple Banking Institutions to introduce a contingent cash outflow calculation method for derivative instruments, known as the Look Back Approach. This method requires institutions to calculate the maximum absolute value of the sum of net collateral variations and accumulated market valuation changes over consecutive 30-day horizons within the last 24 months. Multiple banking institutions must comply with these modified provisions starting July 1, 2017, with an optional early implementation period available upon notification to the Commission.
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