The Regulation defines the risk requirements for a single borrower, a group of interrelated borrowers, including persons associated with the bank, as well as the procedure for concluding transactions with persons associated with the bank and keeping records of transactions.
The Regulation is supplemented by an item on the bank's credit risk for factoring services, which is being considered:
to the debtor if the bank does not have the right to demand recourse to the client or if it exists and there is no need to use this right;
in relation to the customer, if there is a right to demand this recourse and there is a need to use this right.
In addition, banks now have the right to use the criteria of international financial reporting standards when determining the relationship of debtors on a control and (or) economic basis. At the same time, these criteria should not contradict the current regulatory documents or should not include requirements that are lighter than the requirements contained therein.
The document has been published in the National Database of Legislation in the state language and will enter into force on 12/15/2024, Norma reports.
