{"help": "https://data.iadb.org/fr/api/3/action/help_show?name=datastore_search", "success": true, "result": {"include_total": false, "limit": 100, "records_format": "objects", "resource_id": "7bc65f78-bebc-4a30-8384-1d8def611fab", "total_estimation_threshold": null, "last_id_operator": "gt", "records": [{"_id":1,"Question Code":null,"Question":"1. Application of regulation and supervision","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":2,"Question Code":"q1.1","Question":"Do prudential regulatory requirements (such as capital requirements, provisioning, liquidity requirements, etc.) and supervision differ between deposit-taking financial institutions? For example, are there differences between some regulations for banks and cooperatives?","Argentina":"Yes","The Bahamas":"Yes","Belize":"Yes","Brazil":"No","Chile":"Yes","Colombia":"Yes","Costa Rica":"No","Dominican Republic":"Yes","Ecuador":"Yes","Honduras":"Yes","Jamaica":"Yes","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"Yes","El Salvador":"No","Trinidad and Tobago":"Yes","Uruguay":"Yes"},{"_id":3,"Question Code":"q1.1.a","Question":"Please explain","Argentina":"Deposit-taking institutions are classified according to their size. Smaller institutions should observe simpler or more robust liquidity and capital risk measurement methodologies.","The Bahamas":"Pursuant to The Banks and Trust Companies Regulation Act, 2020, and The Central Bank of The Bahamas Act, 2020, the Central Bank of The Bahamas is responsible for the licensing, regulation and supervision of banks and trust companies operating in and from within The Bahamas. In June 2015, the Central Bank of The Bahamas assumed regulatory and supervisory responsibility for co-operative credit unions with the enactment of The Bahamas Co-operative Credit Unions Act, 2015, The Bahamas Co-operative Credit Union Regulations 2015 and credit union bye-laws. \n\nAdditionally, both sectors have separate regulatory requirements and supplemental documents (i.e. operational risk, credit risk, interest rate risk etc.) they must be guided by. For example, while the banks and trust companies are subject to the Basel III capital requirements, the credit unions are not. Moreoever, the credit unions are assessed for compliance with the PEARL Standards.","Belize":"Supervision of all licensed/registered institutions are guided by the same principles. On the other hand, prudential requlatory requirements differ among banks and credit unions, particularly as it relates to capital, liquidity, and provisioning requirements. The differences are outlined below:\n\n1. Capital\n\nDomestic and international banks are required to maintain a capital adequaty ratio of 9% and 10%, respectively. The calculation of the capital requirement is premised on the Central Bank's Basel II/III Capital Framework, which considers credit, operational and market risks. Regulatory capital is determined for each risk; therefter, the aggregate regulatory capital is then divided by the total risk weighted assets. \n\nCredit unions are required to mainatin a Net Insitutional Capital (NIC) ratio of 10%. The NIC is calculated by dividing total net insitutional capital by total assets. \n\nProvisions\n\nDomestic and international banks are expected to calculate provisions for all financial assets utilizing the Expected Loss Method under International Financial Reporting Standard (IFRS) 9 , leaving the regulatory provisioning requirement as the minimum/floor, currently this is the figure for provisions that is being reported on each institution's statement of financial position.  \n\nCredit Unions have not fully adopted IFRS 9, therefore, provisions are calculated using the regulatory requirements which is 35% of those non- performing loans that are categorized as doubtful, 50% for those NPLs categorized Loss - Secured and 100% for those NPLs categorized as Loss Unsecured.\n\nLiquidity\n\nLiquidity are calculated in similar fashion among Banks and Credit Unions, the only difference is the ratio, Banks are expected to have a minimum liquidity ratio of 21%, while credit unions are required to have a minimum liquidity ratio of 10%.","Brazil":"Differences on prudential requirements vary according to the segment that a financial institution is allocated. There are 5 segments comprising institutions that are complex and have a relevant international activity (S1) to institutions with a simplest risk profile (S5).","Chile":"Considering a principle of proportionality, banks and credit unions have different prudential standards. In this sense, banks have a Basel III standard, while credit unions have a Basel I standard.","Colombia":"Regarding liquidity risk measured through the Net Stable Funding Ratio (NSFR, Basel III), there is a differentiation for the minimum limit that credit institutions (CIs) must reach according to the size of their assets and portfolio. Thus, banks whose assets represent at least 2% of bank assets (as of December 31 of the year immediately preceding the calculation cut-off date) will be placed in Group 1 and will have to comply with a minimum indicator of 100%. Banks (whose assets represent less than 2% of total banking assets) and other CIs (financing companies, financial corporations, financial cooperatives and certain Special Official Institutions) will be placed in Group 2 and will have to comply with a minimum indicator of 80%, provided that their loan portfolio is a significant asset. On the other hand, the indicator will only be informative for banks (whose assets represent less than 2% of the total assets of the banking sector) and other CIs that have investments and operations with derivatives as significant assets.\n\nThe regulation on provisions for the consumer portfolio establishes different rules for the calculation depending on the type of institution and credit segment. Specifically, the probabilities of default are higher for financing companies for automobile loans and for other consumer loans, excluding credit cards.","Costa Rica":"The aspects in which some requirements differ are related to additional requirements for systemically important institutions and the application of proportional regulation and supervision for certain credit unions, as explained below: The following additional capital requirements are established for systemically important supervised institutions: it consists of an additional capital requirement on the total risks of the institution, according to the systemic importance score. This requirement will be applied to systemically important institutions supervised by SUGEF. In addition, systemically important entities require the definition of supervisory strategies with greater intensity and rigor in areas such as governance and risk management.\nRegulation and supervision:\nThe Proportional Regulation for Supervised Credit Unions, SUGEF Agreement 25-23, establishes a proportional regulation that SUGEF will apply to credit unions that have a level of total net assets (total amount of assets less their associated estimates) of less than ₡80 billion.Credit unions subject to the aforementioned proportional regulation will not be subject to supervision or assessment by SUGEF with respect to the following regulatory frameworks:\n- Regulation on Corporate Governance, CONASSIF Agreement 4-16.\n- Regulation on suitability and performance of members of the Management Body and Senior Management of supervised entities and companies, CONASSIF Agreement 15-22.\n- Regulation on Integral Risk Management, SUGEF Agreement 2-10.","Dominican Republic":"Capital, provisioning and liquidity requirements are the same for depository institutions subject to the Monetary and Financial Law. These depository entities are: Multiple Banks, Savings and Credit Banks, Savings and Loan Associations, Credit Corporations. In the case of Cooperatives, which are depository institutions but not regulated under the Monetary and Financial Law (therefore, not regulated by the Monetary Board nor supervised by the Superintendency of Banks), they do not have liquidity, provisioning or capital requirements, except for their self-regulation policies in some of them that are aggregated under the Association of Rural Savings and Loan Institutions (AIRAC).","Ecuador":"Article 160 of the Organic Monetary and Financial Code (COMF) states that \"the national financial system is made up of the public financial sector, the private financial sector and the popular and solidarity financial sector\", banks and credit unions face different regulatory requirements and are supervised by different entities, In this regard, the public and private financial sector is regulated by the Superintendency of Banks (SB), the provisions of the COMF and the regulations issued by the Monetary and Financial Policy and Regulation Board, while the popular and solidarity financial sector is regulated by the Superintendency of Popular and Solidarity Economy (SEPS) as well as the provisions of the COMF and the regulations issued by the Monetary and Financial Policy and Regulation Board.\nCredit unions are the second largest segment of the financial system and benefit from a more lenient set of measures for loan loss provisions, capital, liquidity, and reserve requirements. \nThe capital of public financial entities may not be less than USD 11,000,000 (Eleven million United States dollars).\nThe capital of private financial entities shall be divided into nominative shares. The minimum subscribed and paid-in capital for the constitution of a private financial entity Banks: USD 11,000,000.00 (Eleven million dollars of the United States of America).\nCommunity organizations, associations, cooperatives and organizations for the integration of the Popular and Solidarity Economy may be incorporated as legal entities before the Superintendence of Popular and Solidarity Economy based on compliance with legal requirements. A minimum of 10 partners and an initial capital stock equivalent to one Unified Basic Wage (S.B.U) are required.\nThe regulation requires a capital adequacy ratio (CAR) of 9 percent for banks and larger cooperatives in Segment 1. Specific minimum and maximum provisioning requirements for credit losses were set at similar levels for banks and credit unions by the SB and SEPS. Liquidity requirements used to be 16 percent for banks and none for credit unions; there is still a considerable gap between the two types of institutions under current regulation.","Honduras":"The regulatory requirements applicable to banks are different from those applicable to cooperatives, first because the regulatory body is different, and second, because although both sectors (banks and cooperatives) capture funds from the public and pursue different purposes.","Jamaica":"As per the Banking Services Act, 2014, a deposit-taking institution\" refers to either ¬ (a) a bank; (b) a merchant bank; or (c) a building society. Regardless of the type, size and complexity prudential regulatory requirements (capital requirements, provisioning, liquidity requirements, etc) and supervision are applied uniformly to all deposit-taking institutions.  In relation to cooperatives, credit unions are designated as specified financial institutions which gives BOJ the authority to collect data and monitor to determine readiness of the sector for licensing. Under the AML/CFT/CFP legislation, BOJ is the competent authority for deposit-taking institutions under the BSA and credit unions.  The legislation to give BOJ full regulatory and supervisory oversight of Credit Union contemplates capital and liquidity, however initially these may differ from the requirements applied to banks, building societies and merchant banks and would be dependent on BOJ's assessment of the state of readiness of the sector to successfully implement the requirements.","Mexico":"The regulatory framework applicable to banking institutions in Mexico is aligned with the international standards included in Basel III, while other financial institutions, such as popular savings and loan institutions, including credit unions, are subject to a simplified regulatory framework, which considers, among other aspects, the size and level of operations carried out by such institutions.\nThe CNBV (National Banking and Securities Commission) is responsible for issuing prudential regulations for banks and other financial institutions that take deposits from the public, as well as for their supervision. However, Banco de México supervises mainly the following aspects: (i) the characteristics of operations in the money, foreign exchange and derivatives markets are supervised; (ii) monitoring of liquidity indicators in Foreign Currency (FC), the foreign exchange risk position, admission of liabilities in FC and in conjunction with the CNBV, compliance with the liquidity indicator in Domestic Currency (CCL), the Net Stable Funding Ratio (CFEN) and the capital ratio (ICAP);  iii) compliance with the rules issued for the protection of the public's interests, such as the issues of unrecognized charges, total annual cost (CAT), commissions, bill and coin exchange service, etc. and, iv) proper functioning of the payment system. \nSupervision at Banco de México includes inspection through visits (on-site) and surveillance through permanent information (off-site), especially on those intermediaries of greater relevance for the fulfillment of the Central Bank's objectives, which is achieved by following the prioritization methodology for the selection of the entities to be supervised and targeting for the selection of issues to be supervised within each institution. \nThe on-site inspection is coordinated between the CNBV and Banco de México.","Panama":"Banking institutions in Panama are supervised by the Superintendency of Banks of Panama (SBP) and are governed under the Banking Law (Sole Text of Decree Law No. 9 of February 26, 1998 and all its amendments). Cooperatives are supervised by the Panamanian Autonomous Cooperative Institute (IPACOOP) and are governed by Law No. 17 (May 1, 1997).\n(May 1, 1997).","Peru":"The prudential regulation of multiple transaction companies differs from that of savings and credit cooperatives that are not authorized to receive funds from the public (Coopacs). In the case of regulatory capital structure (which in Peru is called effective equity), the Basel III framework has been implemented for the MTOs, while the Coopacs have opted for a simpler framework with basic and supplementary equity. Given that the Coopacs only came under SBS supervision in 2019, and are still in the process of adapting to supervision, to date they only have an equity requirement for credit risk. To date, they do not have capital requirements for market or operational risk. Regarding provisions for credit risk, level 3 Coopacs (the largest) and level 2 Coopacs with total assets greater than 32200 UIT (S/ 159.4 million) are subject to regulations similar to those of multiple operating companies, while level 1 Coopacs (the smallest) and level 2 Coopacs with total assets equal to or less than 32200 UIT (S/ 159.4 million) are subject to simpler regulations. \n\nThe liquidity requirements of the banking supervisor -SBS- (such as the RCL) and the reserve requirements of the Central Bank -BCRP- are only applicable to financial entities that take deposits from the public. \n\nLikewise, it should be noted that the following answers will correspond to the regulatory framework of multiple operation companies that are found in Article 16, paragraph A of Law No. 26702, General Law of the Financial System and the Insurance System and Organic Law of the SBS (banking companies, financial companies, municipal savings and loan associations, municipal popular credit associations, credit companies and rural savings and loan associations). In this regard, it should be noted that to date there are no savings and loan cooperatives in Peru authorized to capture funds from the public.","Paraguay":"Banks and finance companies are supervised by the Central Bank of Paraguay, while cooperatives are supervised by the National Institute of Cooperatives (INCOOP). In the case of entities supervised by the Central Bank, there are no differences in regulations and supervision. The cooperative sector is governed by the regulation and supervision of its regulator.","El Salvador":null,"Trinidad and Tobago":"Deposit taking entities regulated by the Central Bank (i.e. commercial banks conducting banking business and other financial institutions conducting business of a financial nature such as merchant banking; trust companies; finance companies as set out in the First Schedule of the Financial Institutions Act, 2008) are subject to minimum capital requirements as well as other prudential criteria. Deposit taking entities determined to be systemically important based on the Central Bank's DSIB Framework will be subject to additional capital requirements.\n\nOther entities such as credit unions/co-operatives that are not regulated by the Central Bank are not subject to such prudential criteria. Overall the law governing the supervision and regulation of the co-operative sector is outdated and the regulatory framework is currently not prudential nor risk based.","Uruguay":"There are the following differences between banks and retail financial intermediation cooperatives:\n* When the minimum net asset liability is determined by the risk capital requirement (art. 154.5 of the RNRCSF):\n  - Minimum common equity (% of risk-weighted assets, risks and contingencies). Banks: 4.5%. Retail cooperatives: 6.75%.\n  - Maximum supplementary net worth (% of risk-weighted assets, risks and contingencies). Banks: 2%. Retail cooperatives: 3%.\n  - Sum of common capital, additional capital and minimum supplementary net worth (% of risk-weighted assets, risks and contingencies). Banks: 8%. Retail cooperatives: 3%.\n* Capital conservation and countercyclical buffers (art. 158.1 and 158.2 of the RNRCSF), capital requirement for systemic risk (art. 173 of the RNRCSF) only apply to banks.\n* Credit risk ceilings with the NFS: in banks up to 20% of essential net worth per economic group (which may be increased up to 25% - art. 24 RNRCSF). In retail credit unions up to 2% of the NPR per economic group (can be increased up to 3% for guarantees)."},{"_id":4,"Question Code":null,"Question":"2. Concentration","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":5,"Question Code":"q2.1","Question":"Is there a maximum percentage of bank equity that a single owner can own? What is that percentage currently?","Argentina":"No","The Bahamas":"No","Belize":"No","Brazil":"No","Chile":"No","Colombia":"No","Costa Rica":"No","Dominican Republic":"No","Ecuador":"N/A","Honduras":"No","Jamaica":"No","Mexico":"Yes","Panama":"No","Peru":"No","Paraguay":"No","El Salvador":"Yes","Trinidad and Tobago":"No","Uruguay":"No"},{"_id":6,"Question Code":"q2.1.a","Question":"If so, what is that percentage currently? (%)","Argentina":null,"The Bahamas":null,"Belize":"N/A","Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":"N/A","Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":"The governing legislation does not have explicit shareholding limits for licenses under the BSA. However, the regulatory and supervisory due diligence practiced by BOJ encourages widely dispensed ownership to, among other things, reduce issues with undue influence by any one shareholder.","Mexico":"Although the Law of Credit Institutions establishes that shares representing the capital stock of Credit Institutions are freely subscribed, article 14 of said Law requires that persons who buy or sell securities representing more than 2% must inform the National Banking and Securities Commission, while article 17 provides that persons who intend to acquire, directly or indirectly, more than 5% of the ordinary paid-in capital stock must obtain prior authorization from said Commission, which may grant it at its discretion, having heard the opinion of Banco de México. Authorization will also be required, in the terms set forth in the aforementioned article 17, when the intention is to acquire 20% or more of the capital stock or to obtain control of the institution. Additionally, there are limitations regarding the acquisition of shares by foreign governments.","Panama":null,"Peru":"There is no maximum percentage, only a minimum number of shareholders is required, as set forth in Article 50 of Law No. 26702. The provisions of Article 51 of Law No. 26702 must also be taken into account.","Paraguay":null,"El Salvador":"1","Trinidad and Tobago":null,"Uruguay":null},{"_id":7,"Question Code":"q2.2","Question":"Are there limits to a bank’s lending (or other asset exposure) to a single borrower or group of interconnected counterparties?","Argentina":"Yes","The Bahamas":"Yes","Belize":"Yes","Brazil":"Yes","Chile":"Yes","Colombia":"Yes","Costa Rica":"Yes","Dominican Republic":"Yes","Ecuador":"Yes","Honduras":"Yes","Jamaica":"Yes","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"Yes","El Salvador":"Yes","Trinidad and Tobago":"Yes","Uruguay":"Yes"},{"_id":8,"Question Code":"q2.2.a","Question":"If so, what is the limit? Please provided with percentage and basis","Argentina":"Depends on (i) the counterparty (related or not), (ii) individual or global","The Bahamas":"25% for single exposure and 15% for related party exposure","Belize":"Single Borrower and Borrower Group Limit (Unsecured Loans) - the total exposure shall not exceed 15% of fully paid up capital and reserves.\n \nSingle Borrower and Borrower Group Limit (Secured Loans) - the total exposure shall not exceed 25% of fully paid up capital and reserves, except with the approval of the Central Bank.","Brazil":"25% of Tier 1 capital for single counterparties and 600% of Tier 1 capital for the amount of concentrated exposures (> 10% of Tier 1 capital).","Chile":"5%;10%y20%","Colombia":"Decree 1533 of 2022 establishes a limit on risk concentration with counterparties or interconnected groups of counterparties that, jointly or separately, exceed 25% of the sum of the sum of ordinary basic equity and additional basic equity.","Costa Rica":"20% of adjusted capital","Dominican Republic":"15% of paid-in capital without guarantees; 30%, with guarantees.","Ecuador":"Entities may not grant active and contingent operations with the same organization for a sum of the outstanding balances that exceeds ten percent (10%) of their technical equity. This limit will be raised to 20% if the amount exceeding 10% is secured by guarantees of national or foreign banks of recognized solvency or by adequate guarantees.","Honduras":"30%","Jamaica":"Secured Loans\nSingle connected party: 10% of capital base\nAll connected persons in the aggregate: 20% of its capital base\nSingle non-connected party: 20% of its capital base\nA counterparty group, in an aggregate: 40% of capital base\n\nUnsecured Loans \nA single connected party: Employees and other officers up to one year salary\n                                                Non-employees and non-officers 50% CEO annual salary","Mexico":"In May 2023, a new regulation was adopted in line with international standards, which provides for the general application of an exposure limit of 25% of the basic portion of net capital. The value of such exposure must take into account both loans to a group of counterparties interconnected by an element of control and the existence of economic links between them. In the case of exposures between banking institutions considered to be of Global or Local Systemic Importance, the applicable limit shall be 15% of the basic part of the regulatory capital.\n\nIn addition, the Law of Credit Institutions provides that, in the case of transactions with related parties of the banking institution, these transactions must be submitted to the board of directors for approval. In any case, the total amount of transactions with these related parties may not exceed 35% of the basic portion of regulatory capital.","Panama":"25%","Peru":"See Articles 204 to 211 of Law No. 26702.","Paraguay":"20%","El Salvador":"5%","Trinidad and Tobago":"25% of the bank's capital base to a single borrower or a borrower group.    10% of its capital base to a connected party and 25% of the capital base to all connected parties.   Some exemptions to this limit exist for example to own sovereign; and highly rated sovereigns etc.","Uruguay":"20% essential net worth"},{"_id":9,"Question Code":"q2.3","Question":"Are there limits to banks for (please select all that apply):","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":10,"Question Code":"q2.3.a","Question":"a.     Product concentration","Argentina":"No","The Bahamas":"No","Belize":"No","Brazil":"No","Chile":"No","Colombia":"No","Costa Rica":"No","Dominican Republic":"No","Ecuador":"No","Honduras":"No","Jamaica":"No","Mexico":"No","Panama":"No","Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"No"},{"_id":11,"Question Code":"q2.3.b","Question":"b.     Portfolio concentration","Argentina":"No","The Bahamas":"No","Belize":"No","Brazil":"No","Chile":"No","Colombia":"No","Costa Rica":"No","Dominican Republic":"No","Ecuador":"Yes","Honduras":"No","Jamaica":"No","Mexico":"No","Panama":"No","Peru":"No","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":12,"Question Code":"q2.3.c","Question":"c.     Economic sector concentration","Argentina":"No","The Bahamas":"No","Belize":"No","Brazil":"No","Chile":"No","Colombia":"No","Costa Rica":"No","Dominican Republic":"No","Ecuador":"No","Honduras":"No","Jamaica":"No","Mexico":"No","Panama":"No","Peru":"No","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":13,"Question Code":"q2.3.d","Question":"d.     Geographic concentration","Argentina":"No","The Bahamas":"No","Belize":"No","Brazil":"No","Chile":"No","Colombia":"No","Costa Rica":"No","Dominican Republic":"No","Ecuador":"No","Honduras":"No","Jamaica":"No","Mexico":"No","Panama":"No","Peru":"No","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":14,"Question Code":"q2.3.e","Question":"e.     Liability side concentration","Argentina":"No","The Bahamas":"No","Belize":"No","Brazil":null,"Chile":"No","Colombia":"No","Costa Rica":"No","Dominican Republic":"No","Ecuador":"No","Honduras":"No","Jamaica":"No","Mexico":"No","Panama":"No","Peru":"No","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"Yes","Uruguay":"No"},{"_id":15,"Question Code":"q2.3.f","Question":"f.      Other (please specify)","Argentina":null,"The Bahamas":null,"Belize":"N/A","Brazil":"Exposure to the public sector (federal, states and municipalities) is limited at 45% of regulatory capital.","Chile":null,"Colombia":"There are limits on credit exposure and risk concentration that CIs must comply with at the individual and consolidated level:\n- For entities that have subsidiaries abroad, they must consolidate with these their individual credit operations. Therefore, parent entities may not carry out credit operations with the same natural or legal person that, including the operations carried out by their subsidiaries, exceed the percentages and maximum limits established by the SFC.\n- No CI may carry out credit operations directly or indirectly with the same natural or legal person, in excess of 10% of its technical equity (TP), if the debtor's only guarantee is its equity.\n- This limit is raised to 25% when the debtor has eligible guarantees and securities to cover the risk that exceeds 5% of said PT.\n- In the case of credit operations with other financial institutions, the limit is 25% of the technical equity of the creditor institution.\n- In the case of shareholders of the financial institution, the credit limit will be 20% of their PT if they have a participation equal to or greater than 20%. Otherwise, the previously mentioned rules will apply.\n\nRegarding risk concentration, in addition to credit exposure, assets leased or rented, investments in shares or participations in the debtor companies or in bonds or other negotiable securities issued by them are considered. These exposures are computed by a percentage of their value.\n- The concentration limit may not exceed 30% of the technical equity of the creditor entity, and the limit is 35% for financial corporations.\n- Any risk concentration higher than 10% of the TP must be reported quarterly to the SFC.","Costa Rica":"A concentration of credit risk is presumed to be significant for an entity if its amount is equal to or greater than 10% of the entity's adjusted capital, determined in accordance with the regulations on related parties and economic interest groups, for which purpose the entity's direct or indirect exposures, i.e., on-balance sheet or off-balance sheet items, must be considered.","Dominican Republic":null,"Ecuador":"NA","Honduras":"Loans granted by financial institutions to related parties may not exceed 30.0% of capital and reserves, applicable to financial system institutions, excluding cooperatives.","Jamaica":"N/A","Mexico":"In addition to the limit indicated in 2.2, the risk units of credit institutions must manage the concentration risk of their operations. Likewise, Banco de México Circular 3/2012 establishes limits on foreign currency liabilities that banks may maintain, limiting these to 1.83 times the institution's core capital.","Panama":null,"Peru":null,"Paraguay":null,"El Salvador":"There are prudential rules that regulate the application of limits on the granting of loans granted by regulated entities to individuals or groups of individuals, whether or not domiciled in the country, in accordance with the provisions of article 197 of the Banking Law.","Trinidad and Tobago":"Limits on Liability Side Concentration -Incurring of deposit liabilities (by a licensee) limited and must not exceed twenty times the sum of stated capital or assigned capital and Statutory Reserve Fund;\nLimits on acquisition of shares or ownership interests by a licensee in an unincorporated company (Section 45 of FIA) to under 20%; and\nLimits on financing for shares held in trust (Section 48 of FIA).","Uruguay":"* Limit on fixed assets under management (art. 198 RNRCSF).\n* Limit on asset and liability transactions with terms of more than 3 years (art. 203 RNRCSF).\n* Limit on foreign currency position (art. 200 to 202 RNRCSF).\n* Limit on related party transactions (art. 210 RNRCSF)"},{"_id":16,"Question Code":null,"Question":"3. Capital Requirements","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":17,"Question Code":"q3.1","Question":"Which regulatory capital adequacy regimes are currently in place, and for which financial institutions does it apply? For each regime, please specify for which financial institution it applies (for example commercial banks, state-owned banks, credit cooperatives, mutual banks, etc.)","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":18,"Question Code":"q3.1.a","Question":"a. Basel I","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":"Applies to financial institutions supervised by SUGEF","Dominican Republic":"Capital Requirements and Interest Rate Risk","Ecuador":"Currently, there are capital requirements trying to homologate practices detailed in Basel I for financial institutions, in this sense, on the basis of consolidated and/or combined financial statements, they are required to maintain at all times, a ratio between their technical equity and the risk-weighted sum of their assets and contingent assets, not less than nine percent (9%). Applies to savings and credit cooperatives, mutual savings and credit associations and central banks.","Honduras":null,"Jamaica":"Banks, Merchant Banks & Building Socieities (Fully implemented through binding regulation)","Mexico":"Popular Sector Entities such as Credit Unions, Savings and Loan Cooperative Societies and Popular Financial Societies.","Panama":null,"Peru":null,"Paraguay":"Yes, in combination with elements of Basel II; applicable to banks and finance companies.","El Salvador":"To all Commercial Banks, Cooperative Banks, Savings and Loan Societies and State Banks","Trinidad and Tobago":"NA","Uruguay":"-"},{"_id":19,"Question Code":"q3.1.b","Question":"b. Basel II","Argentina":"Computation of credit, operational and market risk","The Bahamas":null,"Belize":"Basel II/III Capital Framework ( Banks only)","Brazil":null,"Chile":"Savings and credit cooperatives","Colombia":null,"Costa Rica":"Applies to financial institutions supervised by SUGEF","Dominican Republic":null,"Ecuador":null,"Honduras":"Capital Adequacy Ratio (regulatory minimum of 10%), applicable to financial system institutions.","Jamaica":"N/A","Mexico":"Brokerage Houses","Panama":null,"Peru":null,"Paraguay":"Yes, partially, with elements of Pillar II and Pillar III; applicable to banks and finance companies.","El Salvador":null,"Trinidad and Tobago":"Pillars 1 and 2 are in place for All banks and licensed non-banks.  The non-banks include investment banks, finance houses etc.  Pillar 3 is targeted for 2024.","Uruguay":"Banks, cooperatives and finance companies."},{"_id":20,"Question Code":"q3.1.c","Question":"c. Basel III","Argentina":"Liquidity risk calculation. Capital integration","The Bahamas":"This regime applies to any licensed bank or bank and trust company. This does not apply to pure trust companies, nominee trust companies, branches of foreign banks, restricted banks, restricted trust companies, managed branches or credit unions.","Belize":null,"Brazil":"Yes","Chile":"Banks","Colombia":"Applies to credit institutions (banks, finance companies, financial corporations and financial cooperatives).","Costa Rica":"Effective as of 2025","Dominican Republic":null,"Ecuador":null,"Honduras":"Capital conservation ratio up to 2.5% (gradually calibrating until December 2024); Leverage ratio (minimum of 4%); both applicable to financial system institutions.","Jamaica":"Banks, Merchant Banks & Building Societies are currently reporting their capital requirements under Pillar I of Basel III as a parallel to Basel I until the process to convert the supervisory standard into binding regulations is completed.","Mexico":"Credit Institutions and Multiple Purpose Financial Companies that maintain patrimonial links with a credit institution.","Panama":"BANKS","Peru":"Multiple operating companies","Paraguay":"No","El Salvador":null,"Trinidad and Tobago":"Minimum CET1 ratio - 4.5% is in place for all licensed banks and non-banks.  The Leverage ratio, Capital conservation buffer, D-SIB capital add-on and the Liquidity Coverage ratio will come into effect in 2024.","Uruguay":"Banks, cooperatives and finance companies."},{"_id":21,"Question Code":"q3.2","Question":"If in Basel I, are risk weights equal or different than those recommended by the Basel Committee? Which ones?","Argentina":null,"The Bahamas":null,"Belize":"N/A","Brazil":null,"Chile":"Equals","Colombia":null,"Costa Rica":"The weights are different (0%,10%,25%,50%,75%,95% y 100%).","Dominican Republic":"The local framework contemplates weightings of 0%, 5%, 20%, 40%, 50% and 100%. At 5%, loans secured 100% with deposits are included. At 20%, loans granted with one hundred percent (100%) collateralized with deposits in another bank are included. At 40%, operations carried out with other financial entities in the country; deposits and other operations carried out with other financial entities in the national territory; housing loans with secured mortgage guarantee.","Ecuador":"There are differences in the weightings of the Risk Weighted Assets referring to foreign obligations which are weighted at 200% while in Basel 1 it is 100%; the differences in the weightings established for the popular and solidarity financial sector are derived from the nature of the entities that compose it; based on the activities authorized by law for these.","Honduras":null,"Jamaica":"The risk weights are equal to those recommended by the Basel Committee.","Mexico":"In Credit Unions and Credit Unions and Credit Unions differ, the only credit weighting is 100%. In Popular Financial Societies it is the same, weightings of 0%, 20% and 100% are considered.","Panama":"N/A","Peru":null,"Paraguay":"Risk weights are equal","El Salvador":"Banks must at all times present a ratio of at least twelve percent between their Equity Fund and the sum of their weighted assets, net of depreciation, reserves and provisions. When the entities are newly constituted they are required to have a solvency ratio of 14.5% for a period of time, extendable for a maximum period of three years at the discretion of the supervisory agency.","Trinidad and Tobago":"n/a","Uruguay":"-"},{"_id":22,"Question Code":"q3.3","Question":"If in Basel II or Basel III, what alternatives are offered to financial institutions for calculating capital requirements for credit risk? (Please select all options that apply).","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":23,"Question Code":"q3.3.a","Question":"a.     Simplified standardized approach","Argentina":"N/A","The Bahamas":"Yes","Belize":"No","Brazil":"Yes","Chile":"Yes","Colombia":"N/A","Costa Rica":"No","Dominican Republic":"No","Ecuador":null,"Honduras":"Yes","Jamaica":"No","Mexico":"Yes","Panama":null,"Peru":"No","Paraguay":"Yes","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":24,"Question Code":"q3.3.a.2","Question":"Please indicate which financial institutions can use it","Argentina":null,"The Bahamas":"All SFIs applicable","Belize":null,"Brazil":"All financial institutions","Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":"Commercial banks, finance companies, savings and loan companies and development banks.","Jamaica":null,"Mexico":"Brokerage houses.","Panama":null,"Peru":null,"Paraguay":"Banks and Finance Companies","El Salvador":null,"Trinidad and Tobago":null,"Uruguay":"Banks, cooperatives and finance companies"},{"_id":25,"Question Code":"q3.3.b","Question":"b.     Standardized approach","Argentina":"Yes","The Bahamas":"Yes","Belize":"Yes","Brazil":"No","Chile":"Yes","Colombia":"N/A","Costa Rica":"Yes","Dominican Republic":"No","Ecuador":null,"Honduras":"No","Jamaica":"Yes","Mexico":"Yes","Panama":null,"Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"Yes","Uruguay":"Yes"},{"_id":26,"Question Code":"q3.3.b.2","Question":"Please indicate which financial institutions can use it","Argentina":"All","The Bahamas":"All SFIs applicable","Belize":"All Banks","Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":"Applies to financial institutions supervised by SUGEF","Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":"All licensed DTIs tat is banks, merchant banks & building societies","Mexico":"Banking Institutions and Multiple Purpose Financial Companies that maintain patrimonial links with banking institutions.","Panama":"Yes","Peru":"Multiple operating companies","Paraguay":null,"El Salvador":null,"Trinidad and Tobago":"All licensed banks and non-banks","Uruguay":"Banks, cooperatives and finance companies"},{"_id":27,"Question Code":"q3.3.c","Question":"c.     Foundation internal ratings-based approach (F-IRB)","Argentina":"N/A","The Bahamas":"No","Belize":"No","Brazil":"Yes","Chile":"Yes","Colombia":"Yes","Costa Rica":"No","Dominican Republic":"No","Ecuador":null,"Honduras":"No","Jamaica":"No","Mexico":"Yes","Panama":null,"Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"No"},{"_id":28,"Question Code":"q3.3.c.2","Question":"Please indicate which financial institutions can use it","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":"Qualifying banks","Chile":null,"Colombia":"Credit establishments","Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":"Banking Institutions and Multiple Purpose Financial Companies that maintain patrimonial links with banking institutions.","Panama":null,"Peru":"Multi-operating companies, but none are currently using it.","Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":29,"Question Code":"q3.3.d","Question":"d.     Advanced internal ratings-based approach (A-IRB)","Argentina":"N/A","The Bahamas":"No","Belize":"No","Brazil":"Yes","Chile":"No","Colombia":"N/A","Costa Rica":"No","Dominican Republic":"No","Ecuador":null,"Honduras":"No","Jamaica":"No","Mexico":"Yes","Panama":null,"Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"No"},{"_id":30,"Question Code":"q3.3.d.2","Question":"Please indicate which financial institutions can use it","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":"Qualifying banks","Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":"Banking Institutions and Multiple Purpose Financial Companies that maintain patrimonial links with banking institutions.","Panama":null,"Peru":"Multi-operating companies, but none are currently using it.","Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":31,"Question Code":"q3.3.e","Question":"e.     Other (please explain)","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":"A simplified methodology applies for institutions with a simplest risk profile allocated to segment S5.","Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":"N/A","Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":32,"Question Code":"q3.4","Question":"What assets can count as Tier 1 capital?","Argentina":"Definitions of BIII","The Bahamas":"The Central Bank proposes to require Common Equity Tier 1 (\"CET1\") as the only capital component for determining Total Regulatory Capital. CET1 Capital include: i) common shares issued by the SFI; ii) stock surplus or share premium resulting from the issue of instruments included in CET1 Capital; iii) retained earnings; iv) General or Statutory Reserves as disclosed on the balance sheet; and v) accumulated other comprehensive income.","Belize":"Teir 1 capital components include:  \n1) Ordinary Shares/common stock (issued and paid up that relate to directly issued qualifying CET1 capital instruments).\n2) Stock Surplus (Share Premiums arising from Item (1) above)\n3) Statutory Reserve fund\n4) Disclosed reserves\n5) Retained earnings\n6) Minority Interest (arising from CET1 capital instruments issued by the consolidated bank subsidiaries and held by third parties)\n7) Accumulated other comprehensive income (inclusive of interim profit or losses)","Brazil":"Equity, certain reserves and debt instruments that fulfill requirements according to Basel III recommendations.","Chile":"Paid-in capital net of discounts (CET1), perpetual bonds issued in Chile and preferred shares issued in Chile (AT1)","Colombia":"Value of subscribed and paid-in shares recognized by the supervisor; value of dividends declared in shares; premium on placement of shares; subordinated bonds effectively subscribed by Fogafín; total value of other comprehensive income (ORI); income for the current year.","Costa Rica":"Effective as of 2025","Dominican Republic":"Paid-in Capital, Legal Reserves, Non-Distributable Income, Statutory Reserves, Non-Distributable Reserves, Share Premium.","Ecuador":"The primary technical equity will be comprised of those contributions of the shareholders or partners that have permanent and unrestricted status, such as: Paid-in capital; legal reserve and optional reserves authorized by the General Shareholders' Meeting, generated from business surpluses; and contributions for future capitalizations of capital increases approved by the pertinent corporate body in the process of formalization.","Honduras":"None","Jamaica":"Tier I Capital means the amount derived from the application of the following formula. Tier 1 Capital (A+B+C+D+E) - (F+G+H) means paid-up capital in the form of ordinary shares or stock or stock or capital shares; B means paid-up capital in the form of non-redeemable, non-cumulative preference shares; C means the permanent capital fund, in the case of a mutual building society, D means eligible reserves as defined under section 2; E means capital raised from an issue of shares referred to in A or B, or having terms acceptable to the Supervisor, to a government company or undertaking in the circumstances specified in paragraph 4, F means any net loss arising from the aggregrate of (a) any undistributed profits or accumulated losses for prior financial years; (b) any financial year to date profit or loss; and (c) any loss positions on revaluation reserves arising from fair value accounting for financial assets and liabilities; and (i) if the aggregrate of (a), (b) and (c) is a net loss, the expression F shall be treated as a positive in applying the aboveformula; and (ii) if the aggregrate of (a), (b) and (c) is a net surplus. G means any goodwill, start-up expenses and other intangible assets; and H means any other deduction designated by the Supervisor by notice published in the Gazette, and for the avoidance of any doubt, in relation to the expression F (i) the amount of any net loss referred to therein shall be expressed as a positive number in applying the above formula; and (ii) if the aggregate of (a) (b) and (c) is a net surplus, the expression F shall be treated as zero.","Mexico":"Deferred tax assets up to 10% of the basis of certain stockholders' equity items net of investments in financial institutions.","Panama":"Tier 1 capital is paid-in capital and earnings.","Peru":"See numeral 1 of Article 184 of Law No. 26702.","Paraguay":"Tier 1 Capital is composed of: Integrated Capital, Uncapitalized Contributions, Legal Reserve less participation in subsidiaries.","El Salvador":null,"Trinidad and Tobago":"Ordinary shares (and surplus), statutory reserves, capital reserves, general reserves, retained earnings, fully paid issued non-cumuative preferences shares (and surplus)","Uruguay":"No assets are computed (only equity items and some liabilities are computed)."},{"_id":33,"Question Code":"q3.5","Question":"What assets can count as Tier 2 capital?","Argentina":"Definition of BIII","The Bahamas":"N/A","Belize":"Tier 2 capital components include:  \n1) Directly issued qualifying Tier 2 instruments (i.e. Subordinated term debt meeting criteria of Tier 2).\n2) Stock surplus (i.e. share premium, if any, resulting from the issue of instruments included in Tier 2)\n3) Minority Interest i.e. Tier 2 instruments issued by consolidated bank subsidiaries and held by third parties (and are not included in CET1 and AT1)\n4) Other reserves (as approved by the CBB)\n5) Revaluation Reserves\n6) General provisions","Brazil":"Debt instruments that fulfil requirements according to Basel III recommendations.","Chile":"Subordinated bonds issued in Chile, additional provisions with limits established by BIII and CET1 and AT1 surpluses","Colombia":"Debt instruments credited by the superviror; amount of minority interest; bonds mandatorily convertible into shares placed and paid; value of general provisions set up by credit institutions (maximum of 1.25% of assets weighted by credit risk level).","Costa Rica":"Effective as of 2025","Dominican Republic":"Other Capital Reserves, Additional Provisions, Convertible Debt Instruments, 5-year Subordinated Debt, Revaluation of Assets.","Ecuador":"The secondary technical equity of the entities of the popular and solidarity financial sector will be comprised of the profits and surpluses of the current fiscal year once labor and tax obligations have been met; accumulated profits of previous fiscal years; convertible debentures without specific guarantee; deductions for deficiency of provisions, amortizations, and required depreciation; and deductions of other items that the entity has not recognized as a loss.","Honduras":"None","Jamaica":"\"Tier 2 capital\" means the aggregate of (a) paid-up capital in the form of non-redeemable cumulative preference shares; (b) paid-up capital in the form of redeemable preference shares or, in the case of a mutual building society, deferred shares, in either case having an original term to maturity of five years or more; (c) subordinated debt issued to Government agency or company wholly owned by the Government in the circumstances specified in paragraph 4; (d) general provisions for loss, up to a maximum of one and one-quarter per centum of the deposit taking institution's risk weighted assets.","Mexico":"The positive difference resulting from subtracting the allowable reserves minus the total expected losses up to an amount not exceeding: a) 0.6 percent of the credit risk weighted assets in case the Institutions use methods based on internal ratings in the determination of their capital requirements; and b) 1.25 percent of the risk weighted assets in case the Institutions use the Standardized Approach to calculate the credit risk requirement.","Panama":"Tier 2 capital includes subordinated debt and equity instruments.","Peru":"See numeral 2 of Article 184 of Law No. 26702.","Paraguay":"Tier 2 capital is composed of: Revaluation reserve, optional reserve, general reserves, other reserves, subordinated bonds, retained earnings, audited income for the year.","El Salvador":null,"Trinidad and Tobago":"fully paid issed perpetual cumulative preference shares (and surplus), limited life redeemable preference shares, unaudited profits, subordinated term debt, general reserves/provisions for losses on asssets","Uruguay":"No assets are computed (only equity items and some liabilities are computed)."},{"_id":34,"Question Code":"q3.6","Question":"Do you have in place a conservation buffer?","Argentina":"Yes","The Bahamas":"Yes","Belize":"No","Brazil":"Yes","Chile":"Yes","Colombia":"Yes","Costa Rica":"No","Dominican Republic":"No","Ecuador":"Yes","Honduras":"Yes","Jamaica":"No","Mexico":"Yes","Panama":"No","Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":35,"Question Code":"q3.6.a","Question":"If yes, how much is it? (% of risk-weighted assets)","Argentina":"2.5","The Bahamas":"2.5% for host SFIs; 4% for home SFIs and 5% for commercial banks","Belize":null,"Brazil":"2.50%","Chile":"2.5","Colombia":"1.125%","Costa Rica":"Effective as of 2025","Dominican Republic":null,"Ecuador":"Each superintendency may establish an additional requirement to the primary technical equity for the following concepts an increase between 1.0 and 3.5 percentage points, if the financial institution or the financial group is classified in a situation of systemic risk, by means of the methodology dictated for such purpose by the Financial Policy and Regulation Board, after a report from the respective superintendency.","Honduras":"2.50%","Jamaica":"DTIs are required to maintain a minimum CAR of at least 10%, which is 2 percentage points above the Basel minimum. Further, the Bank has consulted with the industry to implement a 2.5% capital conservation buffer above the minimum CAR of 10%.","Mexico":"2.5","Panama":"Next year","Peru":"It is currently 0.625%, reaching 2.5% gradually until December 2026.","Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":"2.5"},{"_id":36,"Question Code":"q3.7","Question":"Do you have in place a counter-cyclical buffer?","Argentina":"Yes","The Bahamas":"Yes","Belize":"No","Brazil":"Yes","Chile":"Yes","Colombia":"No","Costa Rica":"No","Dominican Republic":"No","Ecuador":"Yes","Honduras":"No","Jamaica":"No","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":37,"Question Code":"q3.7.a","Question":"If yes, how much is it? (% of risk-weighted assets)","Argentina":"0","The Bahamas":"0% for home/host SFIs and 4% for commercial banks","Belize":null,"Brazil":"0%","Chile":"0.5","Colombia":null,"Costa Rica":"N/A","Dominican Republic":null,"Ecuador":"Each superintendency may establish an additional requirement to the primary technical equity for the following concepts, per institution or segment as appropriate: an increase between 0.5 and 2.5 percentage points, for counter-cyclical effect, by means of the methodology dictated for such purpose by the Financial Policy and Regulation Board, subject to a report from the respective superintendency.","Honduras":null,"Jamaica":null,"Mexico":null,"Panama":"1.25%-2.50%","Peru":"Calculation in accordance with SBS Resolution No. 3954-2022. Currently, the Rule for activation and deactivation of the economic cycle buffer requirement is deactivated (SBS Resolution No. 3718-2021).","Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":"0.25"},{"_id":38,"Question Code":"q3.8","Question":"Is there a required leverage ratio?","Argentina":"Yes","The Bahamas":"Yes","Belize":"No","Brazil":"Yes","Chile":"Yes","Colombia":"Yes","Costa Rica":"No","Dominican Republic":"No","Ecuador":"N/A","Honduras":"Yes","Jamaica":"Yes","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":39,"Question Code":"q3.8.a","Question":"If yes, how much is it?","Argentina":"3%","The Bahamas":"4% for home/host SFIs and 6% for commercial banks","Belize":null,"Brazil":"3%","Chile":"3%","Colombia":"3%","Costa Rica":"Effective as of 2025","Dominican Republic":null,"Ecuador":"NA","Honduras":"4%","Jamaica":"6%","Mexico":"3%","Panama":"NOT LESS THAN 3% ( AGREEMENT 1-2015- ART 17)","Peru":"Reported for monitoring purposes, but there is no required limit.","Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":"4%"},{"_id":40,"Question Code":"q3.8.b","Question":"If yes, what concept of capital is used to calculate it?","Argentina":"Tier 1 only","The Bahamas":"Total regulatory capital","Belize":null,"Brazil":"Only Tier 1 capital","Chile":"Another","Colombia":"Tier 1 only","Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":"Tier 1 only","Jamaica":"Only Tier 1 capital","Mexico":"Tier 1 only","Panama":"Tier 1 only","Peru":"Tier 1 only","Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":"Total regulatory capital"},{"_id":41,"Question Code":"q3.8.c","Question":"If other, please explain","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":"CET1","Colombia":null,"Costa Rica":"N/A","Dominican Republic":null,"Ecuador":"NA","Honduras":null,"Jamaica":"N/A","Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":42,"Question Code":"q3.9","Question":"Which risks are covered by the current regulatory minimum capital requirement? Please select all applicable risks","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":43,"Question Code":"q3.9.a","Question":"a.     Credit risk","Argentina":"Yes","The Bahamas":"Yes","Belize":"Yes","Brazil":"Yes","Chile":"Yes","Colombia":"Yes","Costa Rica":"Yes","Dominican Republic":"Yes","Ecuador":"Yes","Honduras":"Yes","Jamaica":"Yes","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"Yes","El Salvador":"Yes","Trinidad and Tobago":"Yes","Uruguay":"Yes"},{"_id":44,"Question Code":"q3.9.b","Question":"b.     Market risk","Argentina":"Yes","The Bahamas":"Yes","Belize":"Yes","Brazil":"Yes","Chile":"Yes","Colombia":"Yes","Costa Rica":"Yes","Dominican Republic":"Yes","Ecuador":"Yes","Honduras":"No","Jamaica":"Yes","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"Yes","Uruguay":"Yes"},{"_id":45,"Question Code":"q3.9.c","Question":"c.     Operational risk","Argentina":"Yes","The Bahamas":"Yes","Belize":"Yes","Brazil":"Yes","Chile":"Yes","Colombia":"Yes","Costa Rica":"Yes","Dominican Republic":"No","Ecuador":"Yes","Honduras":"No","Jamaica":"Yes","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"Yes","Uruguay":"Yes"},{"_id":46,"Question Code":"q3.9.d","Question":"d.     Other risks (please explain)","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":"Interest rate risk in the banking book (IRRBB)","Chile":"Systemic charges and Pillar 2","Colombia":null,"Costa Rica":"Currency risk","Dominican Republic":null,"Ecuador":"Liquidity risk and any other risk arising from macroeconomic performance (Art. 190 COMF).","Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":"Individual concentration, economic and regional sector, interest rate risk in the banking book and market concentration risk.","Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":"Systemic risk and counterparty risk"},{"_id":47,"Question Code":"q3.10","Question":"Which of the following items are allowed as part of Tier 1 capital and in what percentages?","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":48,"Question Code":"q3.10.a","Question":"a.     Hybrid debt capital instruments","Argentina":"Yes","The Bahamas":"No","Belize":"No","Brazil":"Yes","Chile":"Yes","Colombia":"Yes, but only computes for additional tier 1.","Costa Rica":null,"Dominican Republic":"Yes","Ecuador":"Yes","Honduras":"No","Jamaica":"No","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":49,"Question Code":"q3.10.a.2","Question":"If yes, what is the percentage allowed?","Argentina":"1,5","The Bahamas":null,"Belize":"N/A","Brazil":"1.5/6 = 25","Chile":"33,3","Colombia":"1","Costa Rica":null,"Dominican Republic":"The bylaws may require a minimum holding of shares to be able to vote in the General Shareholders' Meeting, which may not be higher than one point zero one percent (0.01%) of the minimum capital stock. Monetary and Financial Law No. 183-02, art. 38, literal C.","Ecuador":"1","Honduras":null,"Jamaica":null,"Mexico":"50% of CET1","Panama":"Common primary equity 4.5% Total primary equity 6% Total primary equity","Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":"When the Minimum Net Asset Liability (MNPL) is determined by the risk capital requirement: 43.75 (applies to IIFs).\n\nWhen the MHNR is determined by one of the other forms:\nThese instruments together with subordinated debt may be up to a maximum of 33.33 of common equity.\n\nArt. 154.5 of the RNRCSF"},{"_id":50,"Question Code":"q3.10.a.3","Question":"If the response is No, please explain its treatment. In case the instrument does not exist in your country, please indicate it","Argentina":"Basel III is applied where Common Equity Tier 1=6% and Common Equity Tier 1 4.5%.","The Bahamas":"CET1 is the only capital component for determining Total Regulatory Capital","Belize":"Classified as Tier 2 capital.","Brazil":"If meets BIII Tier 1 criteria","Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":"Preferred stock, computed as part of Tier 1 capital (tier 1) Prudential equity adequacy standards","Ecuador":"2802 Future capitalization contributions (there must be written evidence that such resources will not be withdrawn and that they will be capitalized in a maximum of one year)","Honduras":"Not specified in the regulation","Jamaica":"These instruments currently do not exist in our jurisdiction. As such, this item is currently not treated under the current Basel I Capital Adequacy framework or BOJ's proposed Basel III framework.","Mexico":"Although this limit applies in general, it may be exceeded in those cases in which the banking institution has a Fundamental Capital Ratio greater than or equal to 10%.","Panama":"Agreement 1-2015. Article 6 Characteristics of Financial Instruments for Additional Primary Capital","Peru":"No specific percentage is established for this type of instruments, but they are part of the additional Tier 1 capital, which must be a maximum of one third of common equity Tier 1.","Paraguay":"We do not have hybrid instruments","El Salvador":"The following instruments are not taken as part of the primary capital according to the Law of Banks and the Law of Cooperative Banks and Savings and Loan Companies:\n\n- Bonds convertible into shares, when the Superintendency by general resolution has authorized that they form part of the supplementary capital, according to the Banking Law.\n\n-Loans convertible into shares, as follows:\n(i) For banks: when the term exceeds one year. \nii) For cooperative banks, federations and savings and loan societies: when the term does not exceed one year.","Trinidad and Tobago":"Component of Tier 2 capital","Uruguay":"Liability instruments must absorb losses when common equity is less than 5.125% of assets and contingencies weighted by credit, counterparty, market and operational risk.\n\nPoint 2.11 of art. 154.2 and art. 63.1 of the RNRCSF."},{"_id":51,"Question Code":"q3.10.b","Question":"b.     Asset revaluation gains (or revaluation reserves)","Argentina":"Yes","The Bahamas":"No","Belize":"No","Brazil":"Yes","Chile":"Yes","Colombia":"No","Costa Rica":"Yes","Dominican Republic":"No","Ecuador":"no","Honduras":"No","Jamaica":"No/Yes","Mexico":"Yes","Panama":"No","Peru":"No","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":52,"Question Code":"q3.10.b.2","Question":"If yes, what is the percentage allowed?","Argentina":"100","The Bahamas":null,"Belize":"N/A","Brazil":null,"Chile":"100","Colombia":null,"Costa Rica":"100","Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":"Unlimited","Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":"Unlimited.\n\nArt. 154.1 of the RNRCSF"},{"_id":53,"Question Code":"q3.10.b.3","Question":"If the response is No, please explain its treatment. In case the instrument does not exist in your country, please indicate it","Argentina":"(i) Revaluation of property, plant and equipment and intangible assets and (ii) gains or losses on financial instruments at fair value through other comprehensive income. For its computation, the auditor's opinion must be obtained in order to integrate common stock.","The Bahamas":"See Above","Belize":"Classified as Tier 2 capital.","Brazil":null,"Chile":null,"Colombia":"The account, which mainly corresponds to fixed assets, is excepted, considering its difficult realization.","Costa Rica":"Excluding:\ni.surpluses from revaluation of property, furniture and equipment,\nii. revaluation surpluses of assets other than financial instruments.\n(Article 7.Elements of CCN1 of SUGEF Agreement 3-06, effective as of 2025).","Dominican Republic":"It is computed as part of Tier 2 capital (tier 2). Prudential equity adequacy rules","Ecuador":null,"Honduras":"Not specified in the regulation","Jamaica":"I. To avoid the overstatement of regulatory capital through the inclusion of unrealized gains, the Bank currently excludes this item from Tier 2 capital.\nII. Under BOJ's proposed Basel III revaluation gain, can be included in Tier 1 with written approval from the Supervisor.","Mexico":"Valuation gains and losses, both on financial instruments to be purchased or sold and cash flow hedging instruments, are part of the Fundamental Capital.","Panama":null,"Peru":"Unrealized gains (which are reported in other comprehensive income) on revaluation of assets are not computed in stockholders' equity.","Paraguay":"They make up Tier 2 capital","El Salvador":"In accordance with the Law of Banks and the Law of Cooperative Banks and Savings and Loan Societies, the following will be added to the supplementary capital \nseventy-five percent (75%) of the revaluations of fixed assets authorized by the Superintendency, of the applications received according to the following detail:\n(i) For banks: of the applications received up to January 31, 1998; and.\nii) For cooperative banks, federations and savings and loan associations: of the applications received up to December 31, 2001.","Trinidad and Tobago":"Excluded from regulatory capital","Uruguay":"It is part of the Common Stock which is not limited. \n\nIt is allowed to compute 100% if the last 3 audit opinions were favorable, otherwise up to 50%."},{"_id":54,"Question Code":"q3.10.c","Question":"c.     Subordinated debt","Argentina":"Yes","The Bahamas":"No","Belize":"No","Brazil":"No","Chile":"No","Colombia":"Yes, but only computes for additional tier 1.","Costa Rica":"Yes","Dominican Republic":"No","Ecuador":"Yes","Honduras":"No","Jamaica":"No","Mexico":"Yes","Panama":"No","Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"No"},{"_id":55,"Question Code":"q3.10.c.2","Question":"If yes, what is the percentage allowed?","Argentina":null,"The Bahamas":null,"Belize":"N/A","Brazil":null,"Chile":null,"Colombia":"1","Costa Rica":"100","Dominican Republic":null,"Ecuador":"1","Honduras":null,"Jamaica":null,"Mexico":"50% of CET1","Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":56,"Question Code":"q3.10.c.3","Question":"If the response is No, please explain its treatment. In case the instrument does not exist in your country, please indicate it","Argentina":"If the subordination meets the required conditions, it is computed as part of \"Hybrid debt and equity instruments\".","The Bahamas":"See Above","Belize":"Does not meet the criteria for inclusion as part of Tier 1 Capital as per the Central Bank of Belize's Pillar 1 Guideline. However, The CBB may approve the inclusion of some subordinated debt as \"Additional Tier 1\" on an exception basis and subject to the criteria being met under the Capital Framework.","Brazil":"Allowed as part of Tier 2","Chile":"Subordinated debt is considered at T2.","Colombia":null,"Costa Rica":"The following will be deducted from CCN1: The book value of participations or investments in equity instruments, subordinated debt or convertible debt that are not homologous to CCN1, CAN1 or CN2 instruments.\nReference: article 8. Deductions from CCN1, of SUGEF Agreement 3-06, effective as of 2025).","Dominican Republic":"It is computed as part of Tier 2 capital (tier 2).Prudential capital adequacy rules","Ecuador":"2608 Subordinated loans 2608 loans received by the institution from other institutions of the financial system, for a term of less than five years, after which they will be converted, by compensation, from full right into capital and the corresponding shares will be issued.","Honduras":"The following are considered supplementary capital","Jamaica":"Subordinated debt that meets the criteria in the Banking Services Act, 2014 would be classified as tier 2 under the current Basel Framework.","Mexico":"Although this limit applies in general, it may be exceeded in those cases in which the banking institution has a Fundamental Capital Ratio greater than or equal to 10%.","Panama":null,"Peru":"No specific percentage is established for this type of instruments, but they are part of the additional Tier 1 capital, which must be a maximum of one third of common equity Tier 1.","Paraguay":"Compute for Tier 2 capital","El Salvador":"This type of debt is accepted as part of the supplementary capital, as determined by the Banking Law and the Law of Cooperative Banks and Savings and Loan Companies. The percentage accepted is up to 50% of the value of supplementary capital and must be fixed-term debt.","Trinidad and Tobago":"Component","Uruguay":"It is only allowed as Tier 2 capital."},{"_id":57,"Question Code":"q3.11","Question":"Which of the following items are allowed as part of Tier 2 capital and in what percentages?","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":58,"Question Code":"q3.11.a","Question":"a.    Hybrid debt capital instruments","Argentina":"Yes","The Bahamas":"No","Belize":"Yes","Brazil":"Yes","Chile":"No","Colombia":"Yes","Costa Rica":null,"Dominican Republic":"Yes","Ecuador":"yes","Honduras":"No","Jamaica":"No","Mexico":"Yes","Panama":"No","Peru":"Yes","Paraguay":"No","El Salvador":"Yes","Trinidad and Tobago":"Yes","Uruguay":"No"},{"_id":59,"Question Code":"q3.11.a.2","Question":"If yes, what is the percentage allowed?","Argentina":"2","The Bahamas":null,"Belize":"Based on years to maturity:\n5 yrs - 100\n4 years - 80\n3 years - 60\n2 years - 40\n1 year - 20\n< 1 year - 0","Brazil":"100","Chile":null,"Colombia":"1","Costa Rica":null,"Dominican Republic":"Not established in the standard, however, there is a limit on the overall secondary capital with respect to the primary capital of 25","Ecuador":"Up to 30% of capital and reserves.","Honduras":null,"Jamaica":null,"Mexico":"50% of CET1","Panama":null,"Peru":null,"Paraguay":null,"El Salvador":"100","Trinidad and Tobago":"100","Uruguay":"-"},{"_id":60,"Question Code":"q3.11.a.3","Question":"If the response is No, please explain its treatment. In case the instrument does not exist in your country, please indicate it","Argentina":"There is no specifically defined percentage, but Tier 2 capital could be fully integrated with these instruments.","The Bahamas":"Tier 2 is excluded from regulatory capital","Belize":"Classification is conditional based on characteristics of instruments.","Brazil":"If meets BIII Tier 2 criteria","Chile":"Only subordinated bonds or additional provisions are considered in Tier 2 capital.","Colombia":null,"Costa Rica":null,"Dominican Republic":"Mandatory Convertible Debt Instruments. Prudential rules of equity adequacy.","Ecuador":"2801 Convertible debentures.","Honduras":"Not specified in the regulation","Jamaica":"These instruments currently do not exist in our jurisdiction. As such, this item is currently not treated under the current Basel I Capital Adequacy framework\nor BOJ's proposed Basel III framework","Mexico":"Although this limit applies in general, it may be exceeded in those cases in which the banking institution has a Fundamental Capital Ratio greater than or equal to 10%.","Panama":null,"Peru":"No specific percentage is established for this type of instruments, but they are part of the effective level 2 equity, which must be no more than two thirds of the effective level 1 equity.","Paraguay":"We do not have hybrid instruments","El Salvador":null,"Trinidad and Tobago":"Tier 2 Capital is limited to 40% of minimum Regulatory Capital, but up to 100% of Hybrid Instruments","Uruguay":"Allowed as Tier 1 capital."},{"_id":61,"Question Code":"q3.11.b","Question":"b.    Asset revaluation gains (or revaluation reserves)","Argentina":"No","The Bahamas":"No","Belize":"Yes","Brazil":"No","Chile":"No","Colombia":"No","Costa Rica":"Yes","Dominican Republic":"Yes","Ecuador":null,"Honduras":"yes","Jamaica":"No","Mexico":"No","Panama":"No","Peru":"No","Paraguay":"Yes","El Salvador":"Yes","Trinidad and Tobago":"No","Uruguay":"No"},{"_id":62,"Question Code":"q3.11.b.2","Question":"If yes, what is the percentage allowed?","Argentina":null,"The Bahamas":null,"Belize":"Percentage not specified","Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":"100","Dominican Republic":"10","Ecuador":"50%","Honduras":"50","Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":"70","El Salvador":"75","Trinidad and Tobago":null,"Uruguay":"-"},{"_id":63,"Question Code":"q3.11.b.3","Question":"If the response is No, please explain its treatment. In case the instrument does not exist in your country, please indicate it","Argentina":null,"The Bahamas":"See above","Belize":null,"Brazil":"Included in Tier 1","Chile":"This element is part of tier 1 capital.","Colombia":"The account, which corresponds mainly to fixed assets, is an exception, considering its difficult realization.","Costa Rica":"Surpluses from the revaluation of real estate assets; up to an amount not exceeding 75% of the balance of the corresponding equity account.","Dominican Republic":"The amount of the net results from revaluation of fixed assets shall never exceed ten percent (10%) calculated on the total amount of the Secondary Capital. Prudential Standards of equity adequacy","Ecuador":"There is a reserve for the revaluation of the equity","Honduras":"The excess of valuation reserves for investments, loans and interest determined by applying the specific regulations governing such matter. This excess will be considered at 50% of its value as supplementary capital and up to 1.5% of total risk-weighted assets, whichever is less.","Jamaica":"I. To avoid the overstatement of regulatory capital through the inclusion of unrealized gains, the Bank currently excludes this item from Tier 2 capital.\nII. Under BOJ's proposed Basel III revaluation gain, can be included in Tier 1 with written approval from the Supervisor.","Mexico":null,"Panama":null,"Peru":"Unrealized gains (which are reported in other comprehensive income) on revaluation of assets are not computed in stockholders' equity.","Paraguay":"70% of the balance of the accounting account Revaluation reserves","El Salvador":null,"Trinidad and Tobago":"Excluded from regulatory capital","Uruguay":"Allowed as Tier 1 capital."},{"_id":64,"Question Code":"q3.11.c","Question":"c.    Subordinated debt","Argentina":"Yes","The Bahamas":"No","Belize":"Yes","Brazil":"Yes","Chile":"Yes","Colombia":"Yes","Costa Rica":"Yes","Dominican Republic":"Yes","Ecuador":"Yes","Honduras":"Yes","Jamaica":"Yes","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"Yes","El Salvador":"Yes","Trinidad and Tobago":"Yes","Uruguay":"Yes"},{"_id":65,"Question Code":"q3.11.c.2","Question":"If yes, what is the percentage allowed?","Argentina":"2","The Bahamas":null,"Belize":"Based on years to maturity:\n5 yrs - 100\n4 years - 80\n3 years - 60\n2 years - 40\n1 year - 20\n< 1 year - 0","Brazil":"100","Chile":"50 of basic capital","Colombia":"1","Costa Rica":"100","Dominican Republic":"More than 5 years 100\nBetween 4 and 5 years 80\nBetween 3 and 4 years 60\nBetween 2 and 3 years 40\nBetween 1 and 2 years 20\nLess than 1 year 0","Ecuador":"100%","Honduras":"50","Jamaica":"Not Applicable","Mexico":"50% of CET1","Panama":"There is no regulatory %. Prudentially it is recommended not to exceed 50% of the total capital.","Peru":null,"Paraguay":null,"El Salvador":"50","Trinidad and Tobago":"100","Uruguay":"When the Minimum Net Asset Liability (MNPL) is determined by the risk capital requirement: 25 (applies to IIFs).\n\nWhen the RPNM is determined by one of the other forms:\nThese instruments together with hybrid debt capital instruments may be up to a maximum of 33.33 of common equity.\n\nArt. 154.5 of the RNRCSF"},{"_id":66,"Question Code":"q3.11.c.3","Question":"If the response is No, please explain its treatment. In case the instrument does not exist in your country, please indicate it","Argentina":"There is no specifically defined percentage, but Tier 2 capital could be fully integrated with these instruments if it meets the conditions required to integrate this capital.","The Bahamas":"See above","Belize":null,"Brazil":"If meets BIII Tier 2 criteria","Chile":null,"Colombia":null,"Costa Rica":"The instruments issued by the entity that comply with each and every one of the eligibility criteria to be part of the CN2, set forth in Annex 5 of the SUGEF 3-06 Agreement.\nReference: Article 11.Elements of the CN2, of SUGEF Agreement 3-06, entry into force 2025).","Dominican Republic":"Subordinated debt contracted for terms greater than 5 (five) years.\n\nPrudential standards of equity adequacy","Ecuador":"2803 subordinated debt","Honduras":"Up to 50.0% of the Primary Capital (Tier 1).","Jamaica":"I. Under the Basel I framework only subordinated debt issued to a Government agency or company wholly owned by the Government under an agreement or arrangement for the provision of financial assistance to the licensee for the purpose of its restructuring.\nII. Under BOJ's proposed Basel III long-term subordinated debt that may be converted into equity to facilitate the effective resolution of a financial institution can be included in tier 2 capital.","Mexico":"Although this limit applies in general, it may be exceeded in those cases in which the banking institution has a Fundamental Capital Ratio greater than or equal to 10%.","Panama":"Agreement 1-2015 Article 8 Characteristics of financial instruments for secondary capital","Peru":"No specific percentage is established for this type of instruments, but they are part of the effective level 2 equity, which must be no more than two thirds of the effective level 1 equity.","Paraguay":"Subject to the limitations established by law, up to 50% of the capital plus legal reserve, provided that the term of the security exceeds 18 months.","El Salvador":null,"Trinidad and Tobago":"Only applicable for debt which has an original maturity of no less than 5 years.\nSubordinated term debt is limited to 50% of Tier 1 Capital. Subordinated term debt shall be discounted by 20% of the original amount less any redemptions, in each of the last five years before maturity.","Uruguay":"An additional restriction is established regarding the remaining term of the debt: \n\n> 5 years: 100%.\nBetween 4 and 5 years: 80%.\nBetween 3 and 4 years: 60%.\nBetween 2 and 3 years: 40%.\nBetween 1 and 2 years: 20%.\nLess than 1 year: 0%\n\nArt. 154.1 and 63 of the RNRCSF"},{"_id":67,"Question Code":"q3.11.d","Question":"d.    General provisions","Argentina":"No","The Bahamas":"No","Belize":"Yes","Brazil":"No","Chile":"Yes","Colombia":"Yes","Costa Rica":"No","Dominican Republic":"No","Ecuador":"Yes","Honduras":"No","Jamaica":"Yes","Mexico":"No","Panama":"No","Peru":null,"Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"Yes","Uruguay":"Yes"},{"_id":68,"Question Code":"q3.11.d.2","Question":"If yes, what is the percentage allowed?","Argentina":null,"The Bahamas":null,"Belize":"1.25 % of Risk Weighted Assets","Brazil":null,"Chile":"1.25% maximum of risk-weighted assets.","Colombia":"Maximum 1.25% of RWA","Costa Rica":null,"Dominican Republic":null,"Ecuador":"1.25% Risk-weighted assets and contingent liabilities","Honduras":null,"Jamaica":"General loan loss provisions, up to a maximum of 1.25% of the financial institution's credit risk weighted assets","Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":"1.25% of credit risk weighted assets","Uruguay":"1.25% of credit risk-weighted assets and contingencies\n\nArt. 154.1 (3.b) of the RNRCSF"},{"_id":69,"Question Code":"q3.11.d.3","Question":"If the response is No, please explain its treatment. In case the instrument does not exist in your country, please indicate it","Argentina":null,"The Bahamas":"See above","Belize":"General Provisions, Loan Loss Reserves and Eligible Provisions (exceeding expected loss) are considered aggregately and should not exceed 1.25%. \n\nBoth ECL and Specific Loan Loss Provisions are reported as contra assets to risk weighted assets. Only the excess of both specific loan loss provisions, and ECL provisions are included as capital up to a maximum of 1.25%.","Brazil":"Deducted from capital","Chile":null,"Colombia":null,"Costa Rica":"The elements indicated in articles 8, 10 and 12, respectively, of the SUGEF 3-06 Agreement will be deducted from the CCN1,CAN1,CN2, effective 2025. The items will be deducted net of their respective specific estimates for impairment or uncollectibility.\nfor impairment or uncollectibility\".","Dominican Republic":"These provisions are required by the Asset Evaluation Regulation and are not computed within the secondary capital.","Ecuador":"149989 Voluntary generic provision","Honduras":"Not specified in the regulation","Jamaica":null,"Mexico":null,"Panama":null,"Peru":"The concept of general provision does not exist in Peru.","Paraguay":"We do not have regulations for general provisions.","El Salvador":"Reserves or provisions for liabilities may not be computed as an Equity Fund, nor those intended to cover pensions, retirements and other benefits that are obligatory or\npension, retirement and other benefits that the bank may grant to its personnel, either mandatorily or voluntarily.\nvoluntarily granted by the bank to its personnel. Neither will be computed the reserves of foresight such as depreciation and reorganization reserves created in accordance with the instructions issued by the Bank.","Trinidad and Tobago":"Applicable to both general provision and provisions for loan-losses.","Uruguay":null},{"_id":70,"Question Code":"q3.11.e","Question":"e.    Provisions or loan-loss reserves held against future, presently unidentified losses","Argentina":"Yes","The Bahamas":"No","Belize":"Yes","Brazil":"No","Chile":"Yes","Colombia":"No","Costa Rica":"No","Dominican Republic":"Yes","Ecuador":"no","Honduras":"No","Jamaica":"No","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"Yes","El Salvador":"No","Trinidad and Tobago":"Yes","Uruguay":"No"},{"_id":71,"Question Code":"q3.11.e.2","Question":"If yes, what is the percentage allowed?","Argentina":"1,25","The Bahamas":null,"Belize":"1.25 % of Risk Weighted Assets","Brazil":null,"Chile":"1.25% maximum of risk-weighted assets.","Colombia":null,"Costa Rica":null,"Dominican Republic":"1","Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":"0.6% of the Amount of Weighted Assets Subject to Credit Risk (ASRC) under Internal Models + 1.25% of the Amount of ASRC under the standardized method + 1.25% of the Amount of ASRC under the standardized method\n1.25% of the ASRC amount under the standardized approach","Panama":"Not to exceed a maximum of 1.25 percentage points of the credit risk RWA.","Peru":"When the standard method is used to calculate the effective equity requirement for credit risk, up to 1.25% of the assets and contingencies weighted by credit risk.","Paraguay":null,"El Salvador":null,"Trinidad and Tobago":"1.25% of credit risk weighted assets","Uruguay":"-"},{"_id":72,"Question Code":"q3.11.e.3","Question":"If the response is No, please explain its treatment. In case the instrument does not exist in your country, please indicate it","Argentina":"It is calculated on assets weighted by credit risk. These are the provisions required on the performing portfolio (without arrears).","The Bahamas":"See above","Belize":"General Provisions, Loan Loss Reserves and Eligible Provisions (exceeding expected loss) are considered aggregately and should not exceed 1.25%. \n\nBoth ECL and Specific Loan Loss Provisions are reported as contra assets to risk weighted assets. Only the excess of both specific loan loss provisions, and ECL provisions are included as capital up to a maximum of 1.25%.","Brazil":"Deducted from capital","Chile":"In this case, these types of provisions are also considered general. Those that are not specifically attributed to an asset fall into the general category, whose value cannot be recognized for more than 1.25% of the RWA as T2 capital.","Colombia":"Under Colombian regulations, individual provisions for non-material losses are accounted for as special cases of general provisions, but are treated in the same way in terms of capital.","Costa Rica":"The elements indicated in articles 8, 10 and 12, respectively, of the SUGEF 3-06 Agreement will be deducted from the CCN1,CAN1,CN2, effective 2025. The items will be deducted net of their respective specific estimates for impairment or uncollectibility.\nfor impairment or uncollectibility\".","Dominican Republic":"Additional Provisions for Asset Risk, Prudential Standards for Equity Adequacy","Ecuador":null,"Honduras":"Not specified in the regulation","Jamaica":"These items are currently not treated with under the current Basel I capital adequacy framework and is not currently being contemplated for inclusion under BOJ's proposed Basel III Framework.","Mexico":"They are considered as long as they have obtained authorization to constitute the reserve.","Panama":null,"Peru":"In Peru they are called generic provisions. They are constituted, on a preventive basis, on direct credits and the exposure equivalent to credit risk of indirect credits of debtors classified in the Normal category.","Paraguay":"All those constituted above the required 0.5% and up to 2% of the generic provisions, provided they have not been required by the supervisor.","El Salvador":"The allowance for loan loss reserves will not be included in the allowance for loan losses, nor will the provision reserves created in accordance with the instructions issued.","Trinidad and Tobago":"Applicable to both general provision and provisions for loan-losses.","Uruguay":null},{"_id":73,"Question Code":"q3.11.f","Question":"f.     Difference between total eligible provisions and total expected loss","Argentina":"Yes","The Bahamas":"No","Belize":"Yes","Brazil":"Yes","Chile":"No","Colombia":"No","Costa Rica":"No","Dominican Republic":null,"Ecuador":null,"Honduras":"No","Jamaica":"No","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"No"},{"_id":74,"Question Code":"q3.11.f.2","Question":"If yes, what is the percentage allowed?","Argentina":null,"The Bahamas":null,"Belize":"1.25 % of Risk Weighted Assets","Brazil":"0.6 RWA for IRB","Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":"0.6% of the Amount of Weighted Assets Subject to Credit Risk (ASRC) under Internal Models + 1.25% of the Amount of ASRC under the standardized method + 1.25% of the Amount of ASRC under the standardized method\n1.25% of the ASRC amount under the standardized approach","Panama":"1.25% of risk-weighted assets","Peru":"When internal models are used to calculate the effective equity requirement for credit risk, the excess of provisions made over expected provisions up to 0.6% of credit risk-weighted assets and contingent liabilities.","Paraguay":null,"El Salvador":null,"Trinidad and Tobago":"Not applicable.","Uruguay":"-"},{"_id":75,"Question Code":"q3.11.f.3","Question":"If the response is No, please explain its treatment. In case the instrument does not exist in your country, please indicate it","Argentina":"The difference between the accounting (IFRS) and regulatory expected loss calculation is charged to Tier 1 capital.","The Bahamas":"See above","Belize":"General Provisions, Loan Loss Reserves and Eligible Provisions (exceeding expected loss) are considered aggregately and should not exceed 1.25%. \n\nBoth ECL and Specific Loan Loss Provisions are reported as contra assets to risk weighted assets. Only the excess of both specific loan loss provisions, and ECL provisions are included as capital up to a maximum of 1.25%.","Brazil":null,"Chile":"There is no such rule in our legislation. If the bank has internal methods, and the provision constituted is lower than the expected loss of the internal method, then such difference is deflated from the basic capital.","Colombia":"The additional accumulation of provisions above the regulatory requirement does not compute within capital, but does have an effect on solvency given that in the APNR the portfolio that is accounted for is the one net of provisions. In this sense, additional provisions reduce the capital requirement, but do not compute in equity.","Costa Rica":"The elements indicated in articles 8, 10 and 12, respectively, of the SUGEF 3-06 Agreement will be deducted from the CCN1,CAN1,CN2, effective 2025. The items will be deducted net of their respective specific estimates for impairment or uncollectibility.\nfor impairment or uncollectibility\".","Dominican Republic":"Component not considered in financial regulation","Ecuador":null,"Honduras":"Not specified in the regulation","Jamaica":"These items are currently not treated with under the current Basel I capital adequacy framework and is not currently being contemplated for inclusion under BOJ's proposed Basel III Framework.","Mexico":null,"Panama":"Agreement 1-2015 Article 7 numeral 4","Peru":"However, it should be noted that to date no company is authorized to apply internal models for calculating the effective equity requirement for credit risk.","Paraguay":"We do not have regulations for this purpose","El Salvador":"This type of expected loss does not exist","Trinidad and Tobago":null,"Uruguay":null},{"_id":76,"Question Code":"q3.12","Question":"What fraction of asset revaluation gains is allowed as part of capital?","Argentina":"100 (see question 1)","The Bahamas":"N/A","Belize":"Percentage not specified.","Brazil":"No limitation.","Chile":"100","Colombia":"Unrealized gains or losses (ORI) are recorded in CET1, however, the portion of ORI corresponding to the value of asset revaluation is deducted from CET1, which mainly corresponds to fixed assets, taking into account their difficult realization.","Costa Rica":"CCN1: 100. Excluding : i. Surpluses from revaluation of property, furniture and equipment.\nii. Revaluation surpluses of other assets other than financial instruments.\ninstruments.\n\nCN2: Surpluses from the revaluation of real estate, up to an amount not exceeding 75% of the balance of the corresponding asset account.\n75% of the balance of the corresponding patrimonial account.","Dominican Republic":"Pursuant to the Prudential Standards for capital adequacy, the amount of the net results from revaluation of fixed assets shall never exceed ten percent (10%) calculated on the total amount of Secondary Capital.","Ecuador":"There is no asset revaluation.","Honduras":"They are part of supplementary capital. The amount computed is determined with the excess of valuation reserves for investments, loans and interest determined by applying the specific regulations governing such matter. This excess will be considered at 50% of its value as supplementary capital and up to 1.5% of total risk-weighted assets, whichever is less.","Jamaica":"As aforementioned, revaluation gains are currently excluded under the Basel I framework. Whilst under the proposed Basel III framework that is currently being implemented. A policy decision will be taken to determine the appropriate percentage allowed.","Mexico":"Valuation gains and losses, both on financial instruments to be bought or sold and on cash flow hedging instruments, are part of the Fundamental Capital and are not subject to a limit.","Panama":null,"Peru":"In Peru, unrealized gains (which are reported in other comprehensive income) on revaluation of assets are not computed in stockholders' equity.","Paraguay":"70% of the balance of the accounting account Revaluation reserves","El Salvador":"If the revalued asset is sold, 100 is recognized in stockholders' equity as gain on sale of such asset. If the asset is not sold then nothing is recognized in equity. The value of the revaluation is taken to the Revaluation surplus account.","Trinidad and Tobago":"0","Uruguay":"This percentage is not defined."},{"_id":77,"Question Code":"q3.13","Question":"Are the following items deducted from Tier 1 regulatory capital?","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":78,"Question Code":"q3.13.a","Question":"a.    Goodwill","Argentina":"Yes","The Bahamas":"Yes","Belize":"Yes","Brazil":"Yes","Chile":"Yes","Colombia":"Yes","Costa Rica":"Yes","Dominican Republic":"No","Ecuador":"Yes","Honduras":"Yes","Jamaica":"Yes","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"Yes","El Salvador":"No","Trinidad and Tobago":"Yes","Uruguay":"Yes"},{"_id":79,"Question Code":"q3.13.a.2","Question":"If the response is No, please explain its treatment","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":"The carrying value of intangible assets classified as such in accordance with International Financial Reporting Standards (IFRS), and the carrying value of the rights of use under finance leases on intangible assets. For these purposes, the deduction will correspond to the cost of the asset, less accumulated amortization and accumulated impairment loss.\nReference: Subsection e), article 8. Deductions of CCN1, of SUGEF Agreement 3-06, effective as of 2025.","Dominican Republic":"Element not considered in the Heritage Adequacy Standards\n\nHowever, entities in the process of merger may not consider the resulting goodwill as part of the regulatory capital.\nOpening and operating regulations","Ecuador":"Each month the entity makes an advance payment of income tax.","Honduras":null,"Jamaica":"Goodwill is deducted under Basel I framework and will be deducted under the proposed Basel III Framework.","Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":"There is no treatment in this regard.","Trinidad and Tobago":null,"Uruguay":null},{"_id":80,"Question Code":"q3.13.b","Question":"b.    Deferred tax assets","Argentina":"Yes","The Bahamas":"Yes","Belize":"Yes","Brazil":"Yes","Chile":"Yes","Colombia":"Yes, when the net deferred income tax is positive","Costa Rica":"Yes","Dominican Republic":"No","Ecuador":"no","Honduras":"No","Jamaica":"Yes","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":81,"Question Code":"q3.13.b.2","Question":"If the response is No, please explain its treatment","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":"The positive net amount of subtracting the balance of Deferred Tax Assets (AID) from the balance of Deferred Tax Liabilities (PID).\nReference: Subsection i), article 8. Deductions of CCN1, of SUGEF 3-06 Agreement, effective as of 2025.","Dominican Republic":"Element not considered in the Prudential\nPrudential Standards of Asset Adequacy","Ecuador":null,"Honduras":"Not specified in the regulation","Jamaica":"I. Under the current Basel I Framework deferred tax assets are not included in the scope of the capital adequacy framework.\nII. Under BOJ's proposed Basel III framework, deferred tax assets are deducted from Common Equity Tier 1 capital.","Mexico":null,"Panama":null,"Peru":null,"Paraguay":"Local legislation does not contemplate deferred taxes.","El Salvador":"These are part of the supplementary capital","Trinidad and Tobago":"Not considered in our current framework. Will consider for amendment.","Uruguay":null},{"_id":82,"Question Code":"q3.13.c","Question":"c.    Intangibles","Argentina":"Yes","The Bahamas":"Yes","Belize":"Yes","Brazil":"Yes","Chile":"Yes","Colombia":"Yes","Costa Rica":"Yes","Dominican Republic":"No","Ecuador":"no","Honduras":"No","Jamaica":"Yes","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"Yes","El Salvador":"No","Trinidad and Tobago":"Yes","Uruguay":"Yes"},{"_id":83,"Question Code":"q3.13.c.2","Question":"If the response is No, please explain its treatment","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":"The carrying amount of intangible assets classified as such in accordance with International Financial Reporting Standards (IFRS). \nReference: Subsection e), article 8.Deductions of CCN1, of SUGEF Agreement 3-06, effective as of 2025.","Dominican Republic":"Item not considered in the Prudential Standards for equity adequacy","Ecuador":null,"Honduras":"Not specified in the regulation","Jamaica":"Intangible assets are deducted under Basel I framework and will be deducted under the proposed BOJ's Basel III Framework.","Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":"The following are part of supplementary capital","Trinidad and Tobago":null,"Uruguay":null},{"_id":84,"Question Code":"q3.13.d","Question":"d.    Investment in the capital of certain banking, financial and insurance entities which are outside the scope of consolidation","Argentina":"Yes","The Bahamas":"Yes","Belize":"Yes","Brazil":"Yes","Chile":"Yes","Colombia":"Yes","Costa Rica":"Yes","Dominican Republic":"Yes","Ecuador":"no","Honduras":"No","Jamaica":"Yes","Mexico":"Yes","Panama":"Yes","Peru":"Yes","Paraguay":"Yes","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":85,"Question Code":"q3.13.d.2","Question":"If the response is No, please explain its treatment","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":"Yes\n\nThe book value of equity interests in other entities or companies in instruments homologous to CCN1, which would qualify as such under the criteria established in Annex 3 of SUGEF Agreement 3-06.\nReference: Subsection c), article 8 of SUGEF Agreement 3-06, effective as of 2025.","Dominican Republic":null,"Ecuador":null,"Honduras":"Only supervised institutions are included","Jamaica":"These items are deducted under Basel I framework and will be deducted under BOJ's proposed Basel III Framework.","Mexico":null,"Panama":null,"Peru":null,"Paraguay":"Provided that the banking entity has more than a 50% shareholding in these companies.","El Salvador":"According to the Banking Law, entities may not invest in other companies that are not part of the financial system or provide ancillary services to it.","Trinidad and Tobago":"Deducted from total qualifying capital (i.e. Tier 1 + Tier 2).\nThis is currently under review with the likelihood that this item will be deducted by applying a corresponding deduction approach. This means the deduction will be applied to the same component of capital for which the capital would qualify if it was issued by the licensee itself. This is keeping with Basel II guidance.","Uruguay":null},{"_id":86,"Question Code":"q3.13.e","Question":"e.    Unrealized losses on mark-to-market exposures (faired valued)","Argentina":"Yes","The Bahamas":"Yes","Belize":"Yes","Brazil":"Yes","Chile":"Yes","Colombia":"No","Costa Rica":"No","Dominican Republic":"No","Ecuador":"no","Honduras":"No","Jamaica":"Yes","Mexico":"Yes","Panama":"No","Peru":"Yes","Paraguay":"No","El Salvador":"No","Trinidad and Tobago":"No","Uruguay":"Yes"},{"_id":87,"Question Code":"q3.13.e.2","Question":"If the response is No, please explain its treatment","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":"Unrealized gains or losses (ORI) are computed in CET1.","Costa Rica":"The losses deducted are as follows:\n-The loss for the period.\n -The accumulated losses from previous years.\nReference: paragraphs g) and h), article 8 of SUGEF Agreement 3-06, effective as of 2025.","Dominican Republic":"Only accumulated losses from previous years and current year are deducted, the valuation at market price is not specified.","Ecuador":"Gains and losses are recognized daily in the statement of income in the financial profit and loss accounts.","Honduras":"Not specified in the regulation","Jamaica":"Unrealized losses in faired value exposures are deducted under Basel I framework and will be deducted under the proposed BOJ's Basel III Framework.","Mexico":null,"Panama":"Net unrealized gains or losses on the available-for-sale asset portfolio (fair value through other comprehensive income) are part of common stockholders' equity.","Peru":"Unrealized losses on available-for-sale investments are subtracted.","Paraguay":"IFRS standards are not applied and therefore the valuation is not carried out at fair value.","El Salvador":"According to current regulations, losses are recognized as expenses; therefore, when the entity has a loss, this loss is recognized at 100% to be deducted from the equity fund.","Trinidad and Tobago":"Currently, there is no adjustment applied to remove unrealized losses in fair valued exposures from CET 1.","Uruguay":null},{"_id":88,"Question Code":"q3.14","Question":"In the computation of Risk-Weighted Assets, what risk weights are applied to banks’ exposures? Please explain.","Argentina":null,"The Bahamas":null,"Belize":null,"Brazil":null,"Chile":null,"Colombia":null,"Costa Rica":null,"Dominican Republic":null,"Ecuador":null,"Honduras":null,"Jamaica":null,"Mexico":null,"Panama":null,"Peru":null,"Paraguay":null,"El Salvador":null,"Trinidad and Tobago":null,"Uruguay":null},{"_id":89,"Question Code":"q3.14.a","Question":"a.      Cash","Argentina":"0","The Bahamas":"0","Belize":"0","Brazil":"0","Chile":"0","Colombia":"0","Costa Rica":"0","Dominican Republic":"0","Ecuador":"0","Honduras":"0","Jamaica":"0","Mexico":"0","Panama":"0","Peru":"0","Paraguay":"0","El Salvador":"0","Trinidad and Tobago":"0","Uruguay":"0"},{"_id":90,"Question Code":"q3.14.b","Question":"b.     Exposure to Own Government in Local Currency","Argentina":"0","The Bahamas":"0","Belize":"0","Brazil":"0","Chile":"0","Colombia":"0","Costa Rica":"0","Dominican Republic":"0","Ecuador":"10","Honduras":"0","Jamaica":"0","Mexico":"In the case of the federal government, the weighting is 0. In the case of state and municipal governments, based on external ratings, the weighting can range from 20 to 150.","Panama":"0% (debt issued in U.S. dollars)","Peru":"Understanding public debt as sovereign debt 0%","Paraguay":"0 a 20","El Salvador":"0","Trinidad and Tobago":"0","Uruguay":"0"},{"_id":91,"Question Code":"q3.14.c","Question":"c.      Exposure to Own Government in Foreign Currency","Argentina":"according to qualification","The Bahamas":"0","Belize":"0%/20%/50%/100%/100%/150% depending on Credit Rating of Sovereign of Foreign Currency","Brazil":"0","Chile":"According to risk rating (A+ to A-) it has 20","Colombia":"0","Costa Rica":"75","Dominican Republic":"0","Ecuador":"10","Honduras":"0","Jamaica":"100","Mexico":"0 (federal government)","Panama":"NA","Peru":"Word Photmula","Paraguay":"0 a 20","El Salvador":"0","Trinidad and Tobago":"100","Uruguay":"20"},{"_id":92,"Question Code":"q3.14.d","Question":"d.     Exposure to Foreign Governments and Central Banks","Argentina":"according to qualification","The Bahamas":"0-150%","Belize":"0%/20%/50%/100%/100%/150% depending on Credit Rating of Sovereign of Foreign Currency","Brazil":"Depends on the credit rating, ranging from 0% to 150%____","Chile":"According to risk rating","Colombia":"According to risk rating","Costa Rica":"The weightings will depend on whether the issuer or debtor has a public risk rating, in which case the weighting percentage will vary according to Annex III of SUGEF Agreement 3-06. \n\nOn the other hand, if there is no public risk rating, then the weighting for the indicated exposure cases will depend on whether the exposure case corresponds to that established in articles 12 to 18 of the SUGEF 3-06 Agreement.","Dominican Republic":"0","Ecuador":"10","Honduras":"0-20","Jamaica":"0%/20%/100% : Assets held with approved G-10 and CARICOM foreign governments and central banks, and denominated in the issuer's national currency are risk-weighted at 0%, while assets held with other foreign governments and central banks, and denominated in the issuer's national currency are risk-weighted at 20%. All other foreign government and central bank exposures are risk-weighted at 100%.","Mexico":"Based on external ratings, a weighting of 0, 20, 50, 50, 100 or 150 is assigned.","Panama":"0% if internationally rated AAA to AA-, 50% if internationally rated BBB+ to BBB-, 100% if internationally rated BB+ to B-, 150% if internationally rated below B-.","Peru":"Table Word","Paraguay":"N/A","El Salvador":"0","Trinidad and Tobago":"0%, 20%, 50%, 100%, 150%, based on the sovereign credit rating","Uruguay":"According to risk rating"},{"_id":93,"Question Code":"q3.14.e","Question":"e.      Exposure to Domestic Depositary Institutions","Argentina":"according to qualification and term","The Bahamas":"0","Belize":"20%/50%/100%150% depending on Credit Rating of Domestic Banks","Brazil":"Depends on whether the bank complies with capital requirements and capital buffers, ranging from 20% to 150%.","Chile":"According to risk rating","Colombia":"According to risk rating","Costa Rica":"The weightings will depend on whether the issuer or debtor has a public risk rating, in which case the weighting percentage will vary according to Annex III of SUGEF Agreement 3-06. \n\nOn the other hand, if there is no public risk rating, then the weighting for the indicated exposure cases will depend on whether the exposure case corresponds to that established in articles 12 to 18 of the SUGEF 3-06 Agreement.","Dominican Republic":"40","Ecuador":"20% public entities 100% private","Honduras":"0","Jamaica":"20","Mexico":"Based on external ratings, a weighting of 20, 100 or 150 is assigned.","Panama":"10","Peru":"Articles 9 and 17 of the Regulations","Paraguay":"50 a 100","El Salvador":"100","Trinidad and Tobago":"20%, 50%, 100%, 150%, based on the credit rating of the institution","Uruguay":"According to risk rating, term and currency"},{"_id":94,"Question Code":"q3.14.f","Question":"f.      Exposure to Foreign Banks","Argentina":"according to qualification","The Bahamas":"20-150%","Belize":"20%/50%/100%150% depending on Credit Rating of Foreign Banks","Brazil":"Depends on whether the bank complies with capital requirements and capital buffers, ranging from 20% to 150%.","Chile":"According to risk rating","Colombia":"According to risk rating","Costa Rica":"The weightings will depend on whether the issuer or debtor has a public risk rating, in which case the weighting percentage will vary according to Annex III of SUGEF Agreement 3-06. \n\nOn the other hand, if there is no public risk rating, then the weighting for the indicated exposure cases will depend on whether the exposure case corresponds to that established in articles 12 to 18 of the SUGEF 3-06 Agreement.","Dominican Republic":"50","Ecuador":"100","Honduras":"0-20","Jamaica":"20","Mexico":"Based on external ratings, a weighting of 20, 50, 100 or 150 is assigned.","Panama":"10% if rated AAA to A-, 20% if rated BBB+ to BBB-, 50% if rated BB+ to B-, 100% if rated below B-.  As long as they are of the following currencies (USD, EUR, CAD, NZD, AUD, JPY)","Peru":"Articles 9 and 17 of the Regulations","Paraguay":"20 to 50 (first line) 100 to 130 (others)","El Salvador":"between 0 and 150","Trinidad and Tobago":"20%, 50%, 100%, 150%, based on the credit rating of the bank","Uruguay":"According to risk rating and term"},{"_id":95,"Question Code":"q3.14.g","Question":"g.     Corporate Exposures","Argentina":"100% (except for SMEs classified as retail)","The Bahamas":"20-150%","Belize":"1","Brazil":"65% for low-risk large corporates, 85% for SME and 100% for all else","Chile":"Investment grade = 65, SME = 85 and Others = 100","Colombia":"Depends on the qualification of the company (Large company as defined in Article 2 of Law 590 of 2000).","Costa Rica":"The weightings will depend on whether the issuer or debtor has a public risk rating, in which case the weighting percentage will vary according to Annex III of SUGEF Agreement 3-06. \n\nOn the other hand, if there is no public risk rating, then the weighting for the indicated exposure cases will depend on whether the exposure case corresponds to that established in articles 12 to 18 of the SUGEF 3-06 Agreement.","Dominican Republic":"100","Ecuador":"100","Honduras":"100","Jamaica":"100","Mexico":"Based on external ratings, a weighting of 20, 50, 100 or 150 is assigned.","Panama":"20% if secured by pledge of deposits, 50% of loans with mortgage collateral, 100% of non-performing loans (30 to 90 days past due), 125% of past due loans (more than 90 days of non-payment).","Peru":"Articles 9 and 18 of the Regulations","Paraguay":"50 to 100 (50 guaranteed 100 non-guaranteed)","El Salvador":"100","Trinidad and Tobago":"20%, 50%, 100%, 150%, based on the credit rating of the corporate","Uruguay":"100% in local currency and 125% in foreign currency."},{"_id":96,"Question Code":"q3.14.h","Question":"h.     Retail Exposures","Argentina":"- 75% to Financing to individuals if debt/income <30% and SMEs\n- 100% rest of retail portfolio","The Bahamas":"0.75","Belize":"75/100%","Brazil":"0.75","Chile":"Commercial = 75, Student = 100, Means of payment = 45, Consumption and not over indebted = 75, Other consumption = 100","Colombia":"- Derivative instruments (micro-enterprises and individuals  100%; small and medium-sized companies 85%)\n- Credits whose exposure value exceeds zero point two percent (0.2%) of the sum of the exposure value of all the assets referred to in this numeral (For this purpose all the credits referred to in this numeral, granted to the same person, shall be added) (micro-enterprises and natural persons  100%; small and medium enterprises 85%)\n- Credit card exposures and other credit facilities with revolving quota (75%)","Costa Rica":"The weightings will depend on whether the issuer or debtor has a public risk rating, in which case the weighting percentage will vary according to Annex III of SUGEF Agreement 3-06. \n\nOn the other hand, if there is no public risk rating, then the weighting for the indicated exposure cases will depend on whether the exposure case corresponds to that established in articles 12 to 18 of the SUGEF 3-06 Agreement.","Dominican Republic":"100","Ecuador":"100","Honduras":"100","Jamaica":"100","Mexico":"75 or 85 when granted to persons with business activity","Panama":"are the same weightings as for corporate loans","Peru":"Article 20 of the Regulations.","Paraguay":null,"El Salvador":"100","Trinidad and Tobago":"75% once regulatory retail criteria is met","Uruguay":"100% in local currency and 125% in foreign currency."},{"_id":97,"Question Code":"q3.14.i","Question":"i.      Residential Mortgage Exposures","Argentina":"- Single, family and permanent occupancy (splitting approch applies: 35% up to 75% appraised value and 100% remainder)\n- Rest: (splitting approch applies: 50% up to 75% appraised value and 100% remainder)","The Bahamas":"25-10%","Belize":"50/100%","Brazil":"Depends on whether repayment needs cashflow generated by the property and on the LTV, usually ranging from 20% to the RWF applicable to the counterparty","Chile":"According to LTV","Colombia":"Depends on balance-guarantee ratio","Costa Rica":"The applicable credit risk weighting will be assigned on the basis of the loan-to-value (LTV) ratio.","Dominican Republic":"40","Ecuador":"50","Honduras":"100","Jamaica":"50/100%: First legal mortgages to owner-occupied real estate, fully secured on their own residences, and not in arrears 90 days and over are risk-weighted at 50%. All other residential mortgage exposures are risk-weighted at 100%.","Mexico":"Depending on the percentage of the outstanding loan balance to home value (LTV) ratio, they are weighted at 20,25,30,40,50,70.","Panama":"50% loans with mortgage collateral, 100% delinquent loans (30 to 90 days past due), 125% past due loans (more than 90 days of non-payment)","Peru":"Article 21 of the Regulations.","Paraguay":"50 to 100 (50 guaranteed 100 non-guaranteed)","El Salvador":"100","Trinidad and Tobago":"35%, 75%, 100%, based on the loan to value ratio of the exposures and other criteria","Uruguay":"75% in local currency and 125% in foreign currency."},{"_id":98,"Question Code":"q3.14.j","Question":"j.       Commercial Real Estate Exposures","Argentina":"(splitting approch applies: up to 60% credit value: 50% and 100% remainder)","The Bahamas":"60-110%","Belize":"100","Brazil":"Depends on whether repayment needs cashflow generated by the property and on the LTV, usually ranging from 60% to 150%.","Chile":"According to LTV","Colombia":"Depends on balance-guarantee ratio","Costa Rica":"The weightings will depend on whether the issuer or debtor has a public risk rating, in which case the weighting percentage will vary according to Annex III of SUGEF Agreement 3-06. \n\nOn the other hand, if there is no public risk rating, then the weighting for the indicated exposure cases will depend on whether the exposure case corresponds to that established in articles 12 to 18 of the SUGEF 3-06 Agreement.","Dominican Republic":"100","Ecuador":"100","Honduras":"100","Jamaica":"100","Mexico":"Based on the external ratings, a weighting of 20, 50, 100 or 150 is assigned.","Panama":null,"Peru":"In the standard method for calculating the effective equity requirement for credit risk there is no differentiated treatment for exposure to commercial mortgages, they are treated as corporate exposures, with large and medium-sized companies.","Paraguay":"50 to 100 (50 guaranteed 100 non-guaranteed)","El Salvador":"100","Trinidad and Tobago":"1","Uruguay":"100% in local currency and 125% in foreign currency."},{"_id":99,"Question Code":"q3.14.k","Question":"k.     Past Due Exposures","Argentina":"Between 50% and 150% depending on the type of guarantee and level of loan provisioning","The Bahamas":"50-150%","Belize":"100","Brazil":"Usually 150%, but can be lower if the specific provisions exceed certain thresholds","Chile":"100 or 150 depending on level of provisions","Colombia":"(in default) 100","Costa Rica":"The weightings will depend on whether the issuer or debtor has a public risk rating, in which case the weighting percentage will vary according to Annex III of SUGEF Agreement 3-06. \n\nOn the other hand, if there is no public risk rating, then the weighting for the indicated exposure cases will depend on whether the exposure case corresponds to that established in articles 12 to 18 of the SUGEF 3-06 Agreement.","Dominican Republic":"100","Ecuador":"100","Honduras":"100","Jamaica":"100","Mexico":"Depending on the level of reserves established (>=20, <20) 115 or 150 respectively.","Panama":"125%, except auto and personal consumption loans with original terms greater than 5 years, which are weighted at 150%.","Peru":"Article 28 of the Regulations.","Paraguay":"51 to 100 (50 guaranteed 100 non-guaranteed)","El Salvador":"100","Trinidad and Tobago":"50%, 100%, 150%, based on the percentage of specific provisions to the outstanding loan amount","Uruguay":"150% (provided that the provision is less than 20% of the total)."},{"_id":100,"Question Code":"q3.14.l","Question":"l.      Exposure to OTC Derivatives","Argentina":"on a counterparty basis","The Bahamas":"1","Belize":"9","Brazil":"Depends on the counterparty","Chile":"According to counterparty","Colombia":"Depends on the type of counterparty in accordance with article 2.1.1.3.2 of Decree 2555 of 2010.","Costa Rica":"The weightings will depend on whether the issuer or debtor has a public risk rating, in which case the weighting percentage will vary according to Annex III of SUGEF Agreement 3-06. \n\nOn the other hand, if there is no public risk rating, then the weighting for the indicated exposure cases will depend on whether the exposure case corresponds to that established in articles 12 to 18 of the SUGEF 3-06 Agreement.","Dominican Republic":"100","Ecuador":"NA","Honduras":"N.a.","Jamaica":"100","Mexico":"Based on external ratings and the type of counterparty, the applicable weightings can be 0, 20, 50, 100 or 150.","Panama":"2","Peru":"Article 26 of the Regulations.","Paraguay":"50 a 100","El Salvador":"100","Trinidad and Tobago":"counterparty credit risk charge dependent on the replacement cost, add-on for the potential future exposures, collateral adjusted under the comprehensive approach, the risk weight of the counterparty and the capital adequacy ratio","Uruguay":"the same weightings are applied as for a direct exposure to the counterparty. If the counterparty is a foreign bank, the weightings detailed in answer f) are applied, if they are domestic banks the weightings of e) are applied, and so on for the rest of the exposures."}], "fields": [{"id": "_id", "type": "int"}, {"id": "Question Code", "type": "text"}, {"id": "Question", "type": "text"}, {"id": "Argentina", "type": "text"}, {"id": "The Bahamas", "type": "text"}, {"id": "Belize", "type": "text"}, {"id": "Brazil", "type": "text"}, {"id": "Chile", "type": "text"}, {"id": "Colombia", "type": "text"}, {"id": "Costa Rica", "type": "text"}, {"id": "Dominican Republic", "type": "text"}, {"id": "Ecuador", "type": "text"}, {"id": "Honduras", "type": "text"}, {"id": "Jamaica", "type": "text"}, {"id": "Mexico", "type": "text"}, {"id": "Panama", "type": "text"}, {"id": "Peru", "type": "text"}, {"id": "Paraguay", "type": "text"}, {"id": "El Salvador", "type": "text"}, {"id": "Trinidad and Tobago", "type": "text"}, {"id": "Uruguay", "type": "text"}], "_links": {"start": "/api/action/datastore_search?resource_id=7bc65f78-bebc-4a30-8384-1d8def611fab", "next": "/api/action/datastore_search?resource_id=7bc65f78-bebc-4a30-8384-1d8def611fab&offset=100"}, "last_id": 1, "total": 196, "total_was_estimated": true}}