Regulatory Alerts2021-06-16 | NRP-28Added · Updated
Technical Standards for the Calculation and Use of the Liquidity Reserve on Deposits and Other Obligations
The Committee of Standards of the Central Reserve Bank of El Salvador issued technical standards establishing liquidity reserve coefficients, calculation methods, and usage rules for banks, cooperative banks, and savings societies. The regulation mandates a 26-fortnight gradual increase in reserve requirements for checking and savings accounts from June 23, 2021, to June 21, 2022, transitioning to full coefficients thereafter. It defines reserve composition tranches, compliance periods, and daily reporting obligations for obligated entities.
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