Regulatory Alerts2024-08-15 | NRP-75Added · Updated
Technical Standards on the Granting of Credits to Related Parties of a Cooperative Bank
The Standards Committee of the Central Reserve Bank of El Salvador issued Technical Standards NRP-75 to regulate credit operations granted to related parties of cooperative banks and their federations. The regulations establish strict limits, capping total credit exposure to related individuals at 5% and to related legal entities at 10% of the cooperative's equity fund, while mandating detailed reporting and conflict-of-interest disclosures. These rules supersede previous norms and aim to ensure prudent risk management and transparency in the financial system.
More like this from SSF
We email you every new SSF publication the day it's published.
Topics
Share