In the midst of a historic increase in interest rates, the Central Bank of Chile (BCCh) reported that its first Financial Policy Meeting (RPF) will be held between May 16 and 17.
The RPF is the semi-annual instance in which the Board of the BCCh decides on the application of the countercyclical capital requirement. This corresponds to a capital charge to the banking system of a macroprudential nature and is inserted within the framework of the new Basel III standards. Its objective is to increase the resilience of banks in the face of potential severe stress scenarios. In doing so, it contributes to reducing the impact these events would have on financial stability, thus protecting the economy as a whole.
You may also be interested in:
According to the issuer, in case of activation, it will set its level between 0 and 2.5% of the risk-weighted assets, in addition to the implementation period. In the decision process, the BCCh Council will have quantitative, qualitative and judgment elements.
And once the BCCh decides to modify the requirement, the definition of the level and the term must have a favorable prior report from the Commission for the Financial Market.
The statement with the decision and the background corresponding to this announced RPF will be published on May 17, through the usual channels of the entity.
Follow us on
"El reclamo puede ser genuino, pero construido sobre una mentira", apuntó el presidente Javier Milei…
El gobernador de la provincia de Buenos Aires, Axel Kicillof, encabezó un acto en Ensenada…
El diputado nacional de La Libertad Avanza, José Luis Espert, expresó su confianza en la…
Tras la masiva reaparición de Cristina Fernández de Kirchner, el presidente Javier Milei apuntó contra…
El principal propósito de la nueva comisión es evaluar los recursos humanos en el Senado,…
En una medida que busca redefinir las condiciones de los seguros de automóviles en Argentina,…
Esta web usa cookies.
