Regulatory Alerts2011-04-02 | Resolución SBS 3780-2011Added · Updated
Resolution SBS No. 3780-2011: Credit Risk Management Regulation
The Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) approves the Credit Risk Management Regulation, establishing minimum requirements for credit risk management in supervised financial entities, insurance companies, and private pension fund administrators. The resolution mandates that Boards of Directors approve credit risk strategies and policies, while General Management implements them, requiring the establishment of independent Credit Risk Units and Committees. It imposes specific obligations on companies to define risk tolerance levels, maintain adequate organizational structures, and implement robust evaluation, monitoring, and reporting systems for credit exposures.
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