Regulatory Alerts2024-06-28 | NRP-73Added · Updated
Technical Standards for the Application of Limits in the Assumption of Risks by Financial Entities
The Central Reserve Bank of El Salvador issued Technical Standards NRP-73 to regulate credit concentration limits for banks, savings and credit societies, and financial conglomerates. The regulation establishes a global risk assumption limit of 25% of equity, with specific caps for non-resident exposures and detailed rules for accumulating obligations within economic groups. It mandates robust internal governance, requiring boards to implement risk policies and obtain supervisory authorization for exposures exceeding 75% of equity.
More like this from SSF
We email you every new SSF publication the day it's published.
Topics
Share