14 Apr SFC – Changes in the Market Risk Measurement

April 14, 2020 – Within the process of convergence towards international standards and best practices in risk management of the supervised entities, the Financial Superintendency of Colombia (SFC) identified the need to recognize the nature and dynamics of structural investments in calculating market risk.

Therefore, the SFC modified Annexes 1 and 2 of Chapter XXI of the Basic Accounting and Financial Circular (CBCF), with the aim of including the instructions related to the treatment of structural investments in the exchange rate module of the market risk measurement models.

Jurisdictions affected: Colombia

For more information, visit Superintendecia Financiera de Colombia.