On Jun. 30, URY CB issued report on the countercyclical capital buffer.
URY CB issued communication 2021/128 with annexed report on countercyclical capital buffer in Uruguay, an analysis on evaluation of requisite level of countercyclical capital.
Highlights
Economic indicators showed detrimental impact of Covid-19 pandemic during 2020.
That said credit is not negatively affecting the "real" sector and there are segments where it has increased, which facilitates the maintenance of the level of real activity.
Explains analysis of the factors that contribute to the aforementioned status.
Jun. 2022 Capital Buffer Update
On Jun. 29, 2022, URY CB issued Communication 2022/131on countercyclical capital buffer per Article 158.2 of the Compilation of regulation and control standards.
Through Communication 131, URY CB disseminated the Countercyclical Capital Buffer Report - Analysis for the evaluation of the required level of countercyclical capital.
Pertains to required capital referred to in folios 122 to 138 of file 2020-50-1-02370.
Also set at 0.25% as of Jul. 1, 2023 the percentage referred to in Article 158.2 of the Compilation of rules of regulation and control standards of the financial system.
Dec. 2022 URY CB Capital Buffer Update
On Dec. 30, 2022, URY CB issuedCommunication 2022/255 on the countercyclical capital buffer requirement for banks beginning on as of Jan. 1, 2024.
Set the percentage at 0.5%; Report on the Countercyclical Capital Buffer is attached.
Jun. 2023 URY CB Capital Buffer Update
On Jun. 29, 2023, URY CB issued Communication 2023/125 regarding the countercyclical capital buffer requirement for banks in Article 158.2 of regulations.
URY CB set the percentage λ referred to in Article 158.2 at 0.75% as of Jul. 1, 2024.
Also URY CB released report on analysis of countercyclical capital buffer as attachment
Jun. 2024 URY CB Capital Buffer Update
On Jun. 28, 2024, URY CB issued Communication 2024/134 regarding the counter- cyclical capital buffer requirement for banks in Article 158.2 of regulations.
URY CB set the percentage λ referred to in Article 158.2 at 0.75% as of Jul. 1, 2025.
Also released report on analysis of countercyclical capital buffer as attachment.
(Please note this content is now deemed out of scope and will not be further updated unless there is a change in process or other noteworthy event in relation to the topic).
Regulators
URY CB
Entity Types
Bank; CU; Thrift
Reference
Com 2024/134, 6/28/2024; Com 2023/125, 6/29/2023; Com 2022/255, 12/30/2022; Rp, Com 2022/131, 6/29/2022; Rp, Com 2021/128, 6/30/2021
