Panama Banks: New rules for appraising guarantees

The new rule establishes which guarantees will be accepted by the Banking Supervision Authority as credit risk mitigators, and how they should be valued

Friday, August 1, 2008


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The Panamanian Banking Supervision authority (Superintendencia de Bancos de Panamá), signed the Agreement #2 of 2008, which specifies the parameters and guidelines for the valuation of guarantees used to mitigate credit risk. The norm applies to public banks, banks with a General License and banks with an International License.

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