SBIF published instructions for the new regulatory files for the control of credit limits referred to in article 84 of the General Banking Law, within the framework of instructions contained in the Information System Manual. Banks must report this information on a monthly basis. SBIF also published a questions and answers (Q&A) document summarizing the key queries received during public consultation. The consultation on the instructions took place at the end of 2018.
Through the new files, banks must report the following type of information:
- In file D55, the status of operations with related persons for each banking business day as well as the exposure to the groups that comprise them, the possible collateral involved and the effective equity considered for control purposes.
- In file D56, the status of the operations of those debtors whose sum of obligations affects the individual credit limit is equal to or greater than 5% of the bank's effective equity (defined as a control threshold for these purposes), for each banking business day of the reference month.
- In file D57, the status of the operations owed by other banks, for each banking business day.
- Table No. 104 "Operations subject to credit limits", has been added, which characterizes the type of operations reported according to the provisions of Chapter 12-3 of the updated Compilation of Standards.
- Additionally, the new file I13 "List of related persons" is created, which replaces the current I02 file. This new file will make it possible to better characterize the type of relationship of the persons or entities with the bank.
The reporting of the new files will begin in October 2019, with the information referring to the month of September 2019.
Related Links (in Spanish)
Keywords: Americas, US, Banking, Reporting, Instructions, Credit Limit, Information System Manual, Credit Risk, SBIF
Previous ArticleCFTC Deems Australian Uncleared Swap Margin Rule to be Comparable
HKMA announced that enhancements will be made to the Special 100% Loan Guarantee of the SME Financing Guarantee Scheme (SFGS) and the application period will be extended to December 31, 2021.
BoE has set out a three-phased plan to transform data collection from the UK financial sector over the next decade.
BIS recently made a couple of announcements with respect to the planned and ongoing work in the area of financial technology.
ESRB updated the list of national macro-prudential measures applied by each member state in the European Economic Area.
BoE has set out results of a survey on the impact of COVID-19 events on the use of machine learning and data science.
In response to a request from the European Council and Parliament, ECB published an opinion on the proposed regulation on markets in crypto-assets.
APRA announced the updated aggregate amounts for the 2021 Committed Liquidity Facility (CLF) established between the Reserve Bank of Australia (RBA) and certain locally incorporated authorized deposit-taking institutions that are subject to the Liquidity Coverage Ratio (LCR).
ECB published supervisory Memorandums of Understanding (MoUs) with UK as well as other European and non-European authorities.
EIOPA identified business model sustainability and adequate product design as the two EU-wide strategic supervisory priorities.
After considering comments received on the November 2020 proposal, US Agencies (FDIC, FED and OCC) are proceeding with the proposed revisions to the reporting forms and instructions for Call Reports FFIEC 031, FFIEC 041, and FFIEC 051.