BFR is already holding a very strong cash position. Can you be specific about the amount Argentinian banks will have to have on hand, if indeed your Feb. 1 statement is true? Additional info on this new regulation would be appreciated, as well.
I'd be willing to bet that BFR already meets such a requirement. There may be other banks that will be in a more precarious situation.
Starting Feb. 1, banks in Argentina will have to raise the amount of capital required to guard against unexpected losses to 75% of total capital before distributing dividends, the country's central bank said in a statement.