Regulatory Alerts2022-07-11 | Resolución SBS 2165-2022Added · Updated
Resolution SBS No. 2165-2022: Establishes Prudential and Accounting Treatment for Reprogrammed Credits under Decree of Urgency No. 011-2022 and the REACTIVA PERÚ Program
The Superintendence of Banking, Insurance and Private Pension Fund Administrators (SBS) establishes that reprogrammed credits under Decree of Urgency No. 011-2022 covered by the REACTIVA PERÚ program receive the same prudential treatment as those under the National Guarantee Program for Continuity in the Payment Chain, applying a 0% credit risk provision rate upon credit counterparty substitution. The resolution modifies the Accounting Manual for Financial System Companies to introduce specific subaccounts for tracking these reprogrammed credits and associated government guarantees, effective for information corresponding to July 2022. It also updates the Credit Information Report (RCD) to include these new analytical subaccounts and modifies methodological notes regarding credit risk classification and provisioning.