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
Featured Experts
Laurent Birade
Advises U.S. and Canadian financial institutions on risk and finance integration, CCAR/DFAST stress testing, IFRS9 and CECL credit loss reserving, and credit risk practices.
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Pierre-Etienne Chabanel
Brings expertise in technology and software solutions around banking regulation, whether deployed on-premises or in the cloud.
Previous Article
CFTC Deems Australian Uncleared Swap Margin Rule to be ComparableRelated Articles
EC Adopts Financial Reporting Changes Arising from Benchmark Reforms
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS Bulletin Examines Key Elements of Policy Response to Cyber Risk
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HMT Updates List of Post-Brexit Equivalence Decisions in UK
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.
EBA Issues Erratum for Technical Package on Reporting Framework 3.0
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.
APRA Publishes FAQ on Measurement of Credit Risk Weighted Assets
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
EBA Publishes Risk Dashboard for Third Quarter of 2020
EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.
ECB Analysis Shows Privacy as Biggest Concern in Use of Digital Euro
ECB concluded the public consultation on the introduction of a digital euro in EU.
ECB Finalizes Guide on Supervisory Approach to Bank Consolidation
ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.
SRB Chair Outlines Work Priorities for 2021
The SRB Chair Elke König published an article setting out work priorities for 2021.
FDIC Selects Companies to Compete in Final Phase of Tech Sprint
FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.
