SBIF Issues Instructions for Reporting of Credit Limits
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 Article
CFTC Deems Australian Uncleared Swap Margin Rule to be ComparableRelated Articles
|
News
CFTC Proposes to Amend Derivatives Clearing Organization RegulationsCFTC proposed amendments to certain regulations applicable to registered derivatives clearing organizations (DCOs) under Part 30 of the CFTC regulations.
May 16, 2019
WebPage
Regulatory News
|
|
News
APRA Licenses Societe Generale As Foreign Deposit-Taking InstitutionAPRA granted Societe Generale a license to operate as a foreign authorized deposit-taking institution under the Banking Act of 1959.
May 16, 2019
WebPage
Regulatory News
|
|
News
EBA Provides Updates on Its Work on Basel III Impact Assessment in EUEBA is working to finalize the impact assessment on implementation of Basel III standards, in response to the EC call for advice, which was received on May 04, 2018.
May 16, 2019
WebPage
Regulatory News
|
|
News
FED Publishes Report Summarizing Regulatory and Supervisory ActivitiesFED published a report that summarizes banking conditions and the supervisory and regulatory activities of FED, in conjunction with semiannual testimony before Congress by the Vice Chairman for Supervision.
May 15, 2019
WebPage
Regulatory News
|
|
News
US Agencies Propose to Amend Regulatory Framework for Foreign BanksUS Agencies (OCC, FED, and FDIC) proposed a regulatory framework for foreign banks operating in the U.S. that would more closely match the rules for foreign banks with the risks they pose to the U.S. financial system.
May 15, 2019
WebPage
Regulatory News
|
|
News
ECB Consults on EONIA to €STR Legal Action PlanECB published a consultation, which was launched by the working group on euro risk-free rates, on recommendations to address the legal implications for new and legacy contracts referencing the euro overnight index average (EONIA), as a result of the proposed transition from EONIA to the euro short-term rate (€STR).
May 15, 2019
WebPage
Regulatory News
|
|
News
FASB Offers Targeted Transition Relief Under Credit Losses StandardFASB issued an Accounting Standards Update 2019-05 (on Topic 326) that eases transition to the credit losses standard by providing the option to measure certain types of assets at fair value.
May 15, 2019
WebPage
Regulatory News
|
|
News
European Council Adopts Updated Rules on Clearing of OTC DerivativesEuropean Council adopted a regulation improving the existing regulatory framework applicable to the market for over-the-counter (OTC) derivatives.
May 14, 2019
WebPage
Regulatory News
|
|
News
European Council Adopts Package on CRD 5, CRR 2, BRRD 2, and SRMR 2European Council adopted a comprehensive legislative package that will reduce risks in the banking sector and further reinforce banks' ability to withstand potential shocks.
May 14, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: Second Update for May 2019EBA published answers to two questions under the Single Rulebook question and answer (Q&A) updates for this week.
May 10, 2019
WebPage
Regulatory News
|
