Regulatory Alerts2022-12-22 | Resolución SBS 3952-2022Added · Updated
Resolution SBS No. 3952-2022: Amends the Regulation on the Requirement of Effective Capital for Credit Risk
This resolution amends the Regulation on the Requirement of Effective Capital for Credit Risk to align with Basel III standards, modifying calculation methodologies for weighted assets, introducing specific risk weightings for public sector entities, and adjusting the inclusion of provisions in Level 2 capital. It establishes a gradual compliance schedule for applying new risk weight factors to deferred tax assets and capital deductions, while also setting interim minimum capital requirements for Level 1 Ordinary Capital and Effective Capital through March 2025. The resolution further updates the Accounting Manual for Financial System Companies and suspends certain effective capital computation limits from January 1, 2023, to November 30, 2023.