Regulatory Alerts2013-12-06 | SGDB N° 037/2013Added · Updated
SGDB N° 037/2013: Modification to the Legal Reserve Regulation
The Central Bank of Bolivia modifies Articles 3 and 5 of the Legal Reserve Regulation to update the list of liabilities subject to reserve requirements and adjust reserve ratios. The amendment reclassifies certain liabilities, such as mobile wallet payment accounts and prepaid card accounts, and expands the scope of liabilities subject to a 100% cash reserve requirement to include obligations with banks and financing entities. These changes apply to all financial intermediation entities and take effect immediately upon approval.