Featured Product

    SBIF Modifies Information System Manual for Changes Related to CNC

    March 13, 2019

    SBIF updated the Information System Manual with respect to the modifications made to the Compendium of Accounting Standards (CNC) in July 2018. The new files are part of the changes to the rules related to provisions for credit risk of the commercial portfolio of group analysis, contained in Chapter B-1 of the CNC. The provisions will come into force in July 2019.

    SBIF also published a supporting document that contains summary of the feedback received during consultation and their respective responses. The supporting document includes different examples for the application of the standard method of provisions of commercial analysis commercial loans, within the framework of the provisions of Chapter B-1 on the commercial portfolio of group analysis. Following changes are presented in the files of the Accounting System and Tables of the Information System Manual:

    • Modification of the file "Loans, contingent loans, provisions and write-offs" (C11)
    • Modification of the file "Assets and provisions corresponding to leasing operations" (C13)
    • Modification of the file "Assets and provisions corresponding to factoring operations" (C14)
    • Creation of the file "Loans, contingent loans and provisions for student loans" (C19)
    • Creation of the file "Loans, contingent loans and provisions for generic group commercial loans" (C20)
    • Modification of Tables 25, 71, 89, and 90

     

    Related Links (in Spanish)

    Keywords: Americas, Chile, Banking, Accounting, Credit Risk, CNC, Information System Manual, Reporting, SBIF

    Featured Experts
    Related Articles
    News

    PRA Consults on Implementation of Certain Provisions of CRD5

    PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).

    July 31, 2020 WebPage Regulatory News
    News

    EIOPA Report Identifies Key Financial Stability Risks for Insurers

    EIOPA published the financial stability report that provides detailed quantitative and qualitative assessment of the key risks identified for the insurance and occupational pensions sectors in the European Economic Area.

    July 30, 2020 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for First Quarter of 2020

    EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.

    July 30, 2020 WebPage Regulatory News
    News

    EBA Issues Updates on Stress Test Exercise for Banks in EU

    EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.

    July 30, 2020 WebPage Regulatory News
    News

    PRA Proposes Guidance Related to Matching Adjustment under Solvency II

    PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.

    July 30, 2020 WebPage Regulatory News
    News

    MAS Issues Guidance on Dividend Distributions by Banks

    MAS published a statement guidance on dividend distribution by banks.

    July 30, 2020 WebPage Regulatory News
    News

    APRA Updates Guidance on Capital Management for Banks

    APRA updated its capital management guidance for banks, particularly easing restrictions around paying dividends as institutions continue to manage the disruption caused by COVID-19 pandemic.

    July 29, 2020 WebPage Regulatory News
    News

    FSB Report Reviews Macro-Prudential Framework and Tools in Germany

    FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.

    July 29, 2020 WebPage Regulatory News
    News

    EBA Urges Firms to Finalize Preparations for End of Brexit Transition

    EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.

    July 29, 2020 WebPage Regulatory News
    News

    SRB on Operational Continuity in Resolution and FMI Contingency Plans

    SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.

    July 29, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5606