Board of Directors General Resolutions

Resolution 2022
Resolution
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SBP-GJD-0002-2022. Whereby the financial guarantees granted by means of the Master Contract entered by the Inter-American Investment Corporation (IDB Invest) and the Ministry of Economy and Finance (MEF) are temporarily recognized as credit risks mitigators.
SBP-GJD-0001-2022. Whereby Board of Directors’ General Resolution SBP-GJD-0006-2021 is amended
Resolution 2021
Resolution
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SBP-GJD-0006-2021. Whereby the validity of appraisal reports is temporarily recognized
SBP-GJD-0005-2021. Whereby Board of Director’s General Resolution SBP-GJD-0003-2015, which establishes the technology guidelines and requirements for inspections conducted on reporting financial entities supervised by the Superintendency for the prevention of money laundering, the financing of terrorism and the financing of the proliferation of weapons of mass destruction, is amended
SBP-GJD-0004-2021. Whereby the guidelines for restructuring consumer loans (mortgages, personal loans, credit cards, auto loans) and corporate loans of debtors who have shown willingness to meet their obligation, despite being in a temporary liquidity restriction, are established
SBP-GJD-0003-2021. Whereby the parameters and guidelines for reporting modified loans are established
SBP-GJD-0002-2021. Whereby the validity of Appraisal Reports are temporarily recognized
SBP-GJD-0001-2021. Which temporarily recognizes the letters of guarantee issued by the ‘Banca de Oportunidades’ Guarantee Program in relation to Articles 39, 41 and 42 of Rule 4-2013 on Credit Risk Management and Administration
Resolution 2020
Resolution
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SBP-GJD-0010-2020. Whereby the reporting requirements that banks must apply to evidence the condition that affects the debtor of a modified loan are developed in accordance with the provisions of Article 2 of Rule 13-2020
SBP-GJD-0008-2020. Whereby temporary considerations related to Article 26 of Rule 11-2018 on Operational Risk are established
SBP-GJD-0007-2020. Whereby special and temporary considerations regarding Articles 36, 37 and 38 of Rule 4-2013 on credit risk are established.
SBP-GJD-0006-2020. Whereby Board of Directors’ General Resolution SBP-GJD-0002-2020 dated 3 April 2020 is rescinded.
SBP-GJD-0005-2020. Whereby special and temporary considerations related to Article 2 of Rule 3-2016 on risk-weighted assets are established.
SBP-GJD-0004-2020. Whereby the validity of Appraisal Reports is temporarily recognized
SBP-GJD-0003-2020. By means of which the frequency of risk rating updates, established by means of Article 4 of Rule 2-2010 on banks ratings, is temporarily extended
SBP-GJD-0002-2020. Whereby the temporary parameters for the disclosure of customer information to data processing centers or offices for operating purposes of the implementation of the “Plan Panamá Solidario” created by the National Government to mitigate the Covid-19 health crisis are established”.
SBP-GJD-0001-2020. That establishes special considerations for the information requirement in Article 14 of Rule 10-2015 for the expired passports of Venezuelans.
Resolution 2015
Resolution
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SBP-GJD-0003-2015. Whereby the technology guidelines and requirements for inspections conducted on regulated financial entities supervised by the Superintendency on the prevention of money laundering, the financing of terrorism and financing the proliferation of weapons of mass destruction
SBP-GJD-0002-2015. Whereby Board of Directors’ General Resolution SBP-GJD-009-2014 dated 2 December 2014 is rescinded
Resolution 2014
Resolution
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SBP-GJD-0009-2014. Whereby measures are established for identifying the beneficial owner or final beneficiary of corporations
SBP-GJD-0008-2014. Which rescinds Board of Directors’ General Resolution SBP-GJD-0002-2014 requiring banks to retain complementary specific provisions for their Colon Free Zone credit portfolios
SBP-GJD-0005-2014. Which authorizes the remittance, as inactive funds, of certified checks and cashier’s checks not identifying either the issuing person or the beneficiary
SBP-GJD-0004-2014. Which provides additional criteria for interpreting Article 4 of Rule 12-2005
SBP-GJD-0003-2014. Whereby the percentage of debenture payments that can be used in the calculation of the legal liquidity index pursuant of Article 9 of Rule 4-2008 dated 24 July 2008 is changed to 30%
SBP-GJD-0002-2014. Which provides a requirement for banks to retain complementary specific provisions for credit portfolios held in the Colon Free Zone as of 28 February 2014
SBP-GJD-0001-2014. Whereby the parameters for the use of technology tools as an aid to the due diligence process are provided
Resolution 2013
Resolution
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SBP-GJD-0003-2013. Whereby the accounting treatment of differences between prudential regulations and the International Financial Reporting Standards (IFRS) are established pursuant to the provisions of Article 3 of Rule 6-2012
SBP-GJD-0002-2013. Whereby the limit for debenture payments is reduced to 35%. O.G. 27326 dated 9 July 2013
Resolution SBP-JD-001-2013. Whereby the limit for debenture down payments referred to in Article 9 of Rule 4-2008 dated 24 July 2008 is modified. Official Gazette 27208 dated 22 January 2013.
Resolution 2012
Resolution
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Resolution SBP-JD-0036-2012. Whereby the position of Executive Officer referred to in Article 2, paragraph d, subparagraph 7 of Rule 5-2011 is defined
Resolution SBP-JD-0033-2012. Whereby the limit for debenture payments referred to in Article 9 of Rule 4-2008 dated 24 July 2008 is modified.
Resolution SBP-JD-0001-2012. “The Limit for debenture payments referred o in Article 9 of Rule 4-2008 dated 24 July 2008 shall be maintained. Said article stipulates that no more than fifty percent (50%) of the liquid assets used for calculating the liquidity index may consist of payments on debentures (meaning loan debentures) due within one hundred eighty-six (186) calendar days after the liquidity report. These debentures must be rated in the Normal category pursuant to the Rule on Loan Ratings”