On Mar. 13, 2025, PER SBS issued Resolution 00975-2025 to approve Regulation on Economic Group, Linkage, operational limits of General Law and Large Exhibitions.
Better management of concentration risK in same counterparty, counterparties group.
Established provisions on economic groups, as well as the criteria for defining a group.
Included criteria for defining those linked to supervised companies and for calculating the limit set forth in Article 202 of the General Law, re financing for related parties.
Included provisions to calculate limit for directors and employees set in Article 201.
Resolution 00975-2025 shall come into force on Jun. 1, 2025.
On Dec. 18, PER SBS published draft rules for financial institutions.
PER SBS issued draft on new operational concentration limits for financial institutions.
Highlights
Includes provisions on economic groups, criteria for defining a group of counterparties.
Aimed for calculating the new limits contemplated in Article 204 of the General Law.
Also, following the specified Basel standard for defining the so-called large exposures.
Included criteria for defining those linked to the supervised companies and calculating the limit of Article 202 of the General Law, which refers to financing of related persons.
Contemplates provisions re the calculation of the limit for directors and employees.
Consultation
Comments and suggestions shall be submitted by Jan. 17, 2025.
Mar. 13, 2025 PER SBS Final Rule
On Mar. 13, 2025, PER SBS issued Resolution 00975-2025 to approve Regulation on Economic Group, Linkage, operational limits of General Law and Large Exhibitions.
Better management of concentration risK in same counterparty, counterparties group.
Established provisions on economic groups, as well as the criteria for defining a group.
Included criteria for defining those linked to supervised companies and for calculating the limit set forth in Article 202 of the General Law, re financing for related parties.
Included provisions to calculate limit for directors and employees set in Article 201.
Resolution 00975-2025 shall come into force on Jun. 1, 2025.
Regulators
PER SBS
Entity Types
B/D; Bank; IA
Reference
PR, 3/13/2025; Res 00975-2025, 3/12/2025; PR, CP, 12/18/2024
