Regulatory Alerts2015-03-13 | CD-SIBOIF-881-1-MAR13-2015Added · Updated
Resolution Reforming Article 27 of the Standard for Comprehensive Risk Management
The Board of Directors of the Superintendence of Banks and Other Financial Institutions (SIBOIF) amended Article 27 of the Standard for Comprehensive Risk Management to update a reference to a repealed resolution. The change replaces the citation of Resolution No. SIB-OIF-XX-242-2012 with a generic reference to the current Superintendent’s resolution establishing the risk management classification system. This amendment applies to financial institutions subject to the standard. The resolution entered into force upon notification on March 13, 2015.
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