13 Nov BANXICO – New section in RC´S reports
November 13, 2020 – According to what is published in the supporting document for the generation of RC’s of Banco de Mexico, this section has as its main objective to obtain the information necessary to calculate the capital requirement for credit risk of operations that have been restructured or renewed, as part of the accounting facilities granted by COVID-19.
This section must include the credits granted on March 31, 2020 and that as of September 24, 2020 have been modified in their original terms due to the pandemic.
This change results in an update in the Capital Requirements Reports (RC´S) and therefore in the capital requirement for credit risk.
Jurisdictions affected: Mexico
For more information, visit Banco de México.