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Objective

C 154/2018 Effective from 27/5/2018

The objective of the Regulation is to establish the minimum acceptable standards for banks’ approach to managing country and transfer risks with a view to:

  1.  Ensuring the soundness of banks; and
     
  2.  Contributing to financial stability.

The accompanying Standards supplement the Regulation to elaborate on the supervisory expectations of the Central Bank with respect to the management of country and transfer risks.