CLB CB Temporary Liquidity Support

Published on: Feb 6, 2025

On Jan. 31, CLB CB modified the temporary liquity support conditions.

  • CLB CB issued Bulletin 04 containing Resolution 2 to modify Resolution 2 of 2019.
  • Highlights
  • Credit institutions may access, keep temporary liquidity support by meeting conditions.
  • CLB CB will request immediate return of resources if it complies with the specifications.
  • Upon expiration of the discount and/or rediscount contracts terms, CLB CB may use its powers to recover the capital, interest, pecuniary consequences to which it is entitled.
  • Debit them from the deposit account and offset them against obligations under duty.
  • Effectiveness
  • Resolution 2 shall come into force on Aug. 1, 2025.
Regulators
CLB CB
Entity Types
B/D; Bank; IA; Ins
Reference
Bul 04, Res 2, 1/31/2025
Functions
Compliance; Financial; Legal; Treasury
Countries
Colombia
Category
State
N/A
Products
Banking; Fund Mgt; Insurance; Securities
Rule Type
Final
Regions
Am
Rule Date
Jan 31, 2025
Effective Date
Aug 1, 2025
Rule ID
242622
Linked to
N/A
Reg. Last Update
Jan 31, 2025
Report Section
International