On February 13, the Central Bank published the Communication 6633/2019 setting the new rules on minimum capital, risk management and liquidity coverage of financial institutions for Group A entities (those with assets equal to, or greater than 1% of the total assets of the financial system) and Group B entities (financial institutions not included in Group A). You can access the complete document by clicking here.

The minimum capital requirement stipulates that, for Group A entities, where there is no “financial stress”, the fund of high quality liquid assets (the liquidity coverage ratio) should not be less than the total net cash outflows. The minimum capital requirement for Group B financial institutions may not exceed 17% of the average for the last 36 months.

In addition, by Communication 6354/2017, the Bank provided that financial institutions may contract information technology services (ITS) for activities such as technology infrastructure and systems, data processing, storage and custody, among others. The regulation also includes minimum general, technical and operational requirements to protect information and resources. The full text can be accessed by clicking here.
The Central Bank also published the Communication 6362/2017 which establishes that financial institutions may acquire public securities in pesos, issued by the Autonomous City of Buenos Aires, for up to an amount in circulation equivalent to US$ 1,500,000,000.