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    SBIF Consults on Modifications to Provisions of Credit Risk for Banks

    January 11, 2018

    SBIF is consulting on the standard method for estimating the provisions for credit risk of the commercial portfolio of group analysis. This proposal modifies the provisions for credit risk, contained in Chapter B-1 of the Compendium of Accounting Standards (CNC), and is part of the effort of the SBIF to provide standardized methodologies for computation of loan portfolio provisions. The regulations, which will be in consultation until February 12, 2018, will come into force in January 2019. Along with the consultation, SBIF also published frequently asked questions (FAQs) related to the consultation.

    The consultation introduces standard methods to calculate the provisions for credit risk of the group commercial portfolio. This seeks to continue advancing in the implementation of standardized methods for the computation of provisions. The proposal in consultation contains four methods that, as a whole, make up the minimum standard of provisions for the commercial portfolio of group analysis. The proposed methods and risk factors that are considered are commercial leasing method, factoring method, student method, and generic commercial method.

     

    Related Link: Press Release (in Spanish)

    Comment Due Date: February 12, 2018

    Keywords: Americas, Chile, Banking, Credit Risk, SBIF

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