Tag Archives: Simplified Prudential Rule

ILN Today Post

Minimum Requirements for the Use of the Simplified Prudential Rule

On October 19, 2017, the CMN issued Resolution 4606, which sets forth the minimum requirements for the use of simplified reference equity and the additional requirements for the simplified structure of continuous risk management.

The choice of the simplified methodology of the minimum requirement of reference equity is provided to the following institutions: (i) singular credit cooperatives; (ii) non-banking institutions engaged in granting credit, except for development agencies; and (iii) non-banking institutions operating in the gold, foreign currency, or fiduciary agent markets.

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