Regulatory Alerts2016-08-29 | CD-SIBOIF-954-1-AGOS9-2016Added · 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 impose higher risk weightings on loans granted in national currency with value maintenance. Specifically, consumer and commercial credits in such currency are weighted at 125%, while mortgage loans are weighted at 60%, with a 50% cap for amounts up to US$32,000. Supervised financial institutions must implement an additional 25% weighting for these loans gradually over 24 months, starting from January 1, 2017, and reaching full application by December 2018.
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