Regulatory Alerts2017-05-23 | SGDB N° 027/2017Added · Updated
SGDB N° 027/2017 - Legal Reserve Regulation
The Central Bank of Bolivia approved Resolution No. 069/2017, which establishes the Legal Reserve Regulation for Financial Intermediation Entities, effective May 22, 2017. The regulation mandates reserve requirements of 6% in cash and 5% in securities for national currency liabilities, and 13.5% in cash and 35-43% in securities for foreign currency liabilities, with specific tables defining requirements for fixed-term deposits. It also introduces the Liquid Assets Requirement Fund (Fondo RAL), defines calculation periods, and repeals the previous resolution No. 65/2017.
Topics
capital
monetary
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