Regulatory Alerts2025-03-03 | Resolución SBS 00774-2025Added · Updated
SBS Resolution No. 00774-2025: Approves the new Regulation on Credit Exchange Rate Risk Management and modifies the Accounting Manual for financial system companies
The Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) approves a new Regulation on Credit Exchange Rate Risk Management and modifies the Accounting Manual for financial system companies, effective June 1, 2026. This new regulation replaces SBS Resolution N° 041-2005 and related circulars, repealing the previous requirement for credit exchange rate risk provisions. It establishes a standardized methodology for identifying retail and non-retail debtors exposed to credit exchange rate risk, based on specific thresholds for foreign currency debt and debt coverage ratios under local currency depreciation scenarios. Affected entities, including multiple operations companies, financial leasing companies, and state-owned banks, must conduct semi-annual sensitivity analyses and report a monthly credit exchange rate risk indicator.