Notice to Circular 83-5 to financial institutions
Summary — Notice to Circular 83-5 to financial institutions of the Bank of the Republic of Haiti — an instrument published alongside circular 83-5 to financial institutions, not the circular itself. Circulars are the operative prudential rules for supervised institutions, covering matters such as capital and liquidity requirements, credit-risk and governance standards, reserve requirements and foreign-exchange rules.
Key Findings
- The notice postpones the entry into force of Circular 83-5 on credit concentration limits to 1 October 2024, which aligns the new prudential ceiling with the start of a fiscal year rather than with a calendar date.
- What is being deferred matters for reading bank balance sheets: concentration limits cap exposure to a single borrower or group, so until they bind, published exposures are not constrained by the new rule.
- The notice is dated 26 March 2024, giving supervised institutions about six months before the new date.
- It is addressed to the subject financial institutions generally rather than to a single category, so the limits apply across the supervised population and not only to commercial banks.
Full Document Text
Extracted text from the original document for search indexing.
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Banque de la République d'Haïti
Le Gouverneur
CIRCULAIRE 83-5
AVIS
Aux Institutions Financières
La Banque de la République d'Haïti (BRH) informe les institutions financières assujetties que
l’entrée en vigueur des dispositions de la circulaire 83-5 sur les limites de concentration de
crédit est reportée au 1°” octobre 2024.
Port-au-Prince, le 26 mars 2024.
Ronald 24
How to cite
Banque de la République d'Haïti (BRH), 2024, Notice to Circular 83-5 to financial institutions, https://www.brh.ht/wp-content/uploads/Avis-Circulaire-83-5-institution-financieres-26-mars-2024.pdf