RegAlert2014-04-29 | SGDB N° 015/2014Added · Updated
SGDB N° 015/2014
The Central Bank of Bolivia modifies Article 6 of the Legal Reserve Regulation to replace fixed deduction percentages with a phased reduction schedule for the compensation of legal reserves by Banks, Private Financial Funds, Mutuals, and Cooperatives. The amendment introduces specific effective dates and varying compensation percentages for cash and securities holdings, applying to deposits subject to a 2% cash and 10% securities reserve rate. These changes take effect on May 12, 2014, and apply to financial entities authorized by the ASFI, including those licensed after September 30, 2010, for whom the baseline date is adjusted to the month of their licensing.
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EXTERNAL CIRCULAR OF THE CENTRAL BANK OF BOLIVIA
La Paz, April 29, 2014
SGDB N° 015/2014
FROM: GENERAL MANAGEMENT
FINANCIAL ENTITIES MANAGEMENT
TO: FINANCIAL INTERMEDIATION ENTITIES
SUBJECT: AMENDMENT TO THE LEGAL RESERVE REGULATION
Ladies and Gentlemen:
The Central Bank of Bolivia (BCB) notifies financial intermediation entities that the BCB Board of Directors, through Board Resolution No. 042/2014, modified Article 6 of the Legal Reserve Regulation. A copy of the aforementioned Resolution is attached for the corresponding purposes.
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Lineage: In force
Source: Banco Central de Bolivia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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BCB published 10 documents in the last 30 days. We email you each new one the day it's published.