Regulatory Alerts2016-09-06 | CD-SIBOIF-958-1-SEP6-2016Added · Updated
Resolution Reforming Article 6 of the Capital Adequacy Standard
The Superintendence of Banks and Other Financial Institutions amended Article 6 of the Standard on Capital Adequacy to redefine foreign currency generators for weighting commercial credits and microcredits. Debtors deriving income from service export operations are now classified as foreign currency generators, allowing their foreign currency-denominated credits to be weighted at 100% instead of 125%. This resolution entered into force upon notification on September 6, 2016.
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