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
Previous ArticleAPRA Survey Examines Supervisory Impact on Regulated Entities
In a letter addressed to the industry, the Australian Prudential Regulation Authority (APRA) set out an updated schedule of policy priorities for the banking, insurance, and superannuation industries.
The European Commission (EC) adopted a comprehensive review package of Solvency II rules in the European Union.
The Office of the Comptroller of the Currency (OCC) issued Versions 1.0 of the "Earnings" and "Regulatory Reporting" booklets of the Comptroller's Handbook.
The European Central Bank (ECB) published results of its economy-wide climate stress test, which aimed to assess the resilience of non-financial corporates and euro area banks to climate risks.
The European Banking Authority (EBA) published a report on the use of digital platforms in the banking and payments sector in European Union.
The Hong Kong Monetary Authority (HKMA) published updates on the policy measures that were announced in context of the ongoing pandemic.
The International Swaps and Derivatives Association (ISDA), along with several other associations, submitted a joint response to the Basel Committee on Banking Supervision (BCBS) consultation on preliminary proposals for the prudential treatment of cryptoasset exposures.
BIS published the September issue of the Quarterly Review, which contains special features that analyze the rapid rise in equity funding for financial technology firms, the effectiveness of policy measures in response to pandemic, and the evolution of international banking.
The Basel Committee for Banking Supervision (BCBS) met in September 2021 and reviewed climate-related financial risks, discussed impact of digitalization, and welcomed efforts by the International Financial Reporting Standards (IFRS) Foundation to develop a common set of sustainability reporting standards
The Office of the Comptroller of the Currency (OCC) issued a Cease and Desist Order against MUFG Union Bank for deficiencies in technology and operational risk governance.