The Portuguese banking regulator, the Bank of Portugal (BOP), joined the European System of Central Banks (ESCB) on 1 January 1999. As a result, the definition and implementation of the country`s monetary and exchange rate policy, the management of official foreign reserves, the efficiency of payment systems and the issuance of banknotes are now controlled by the ESCB. Similarly, the Portuguese regulatory regime for credit institutions and financial companies is broadly identical to the legal framework in force in other EU Member States. Generally, it prohibits an administrative officer from assisting two unrelated deposit-taking institutions, holding companies of deposit-taking institutions, or a combination of these institutions, in situations where interlocking management is likely to have anti-competitive effects. Proposed amendments Modification of the definition of creditor and updating of a reference (comments by 21. April 2014) Press release and communication Implementation of minimum requirements for state registration and supervision of valuation management Companies (comments until June 9, 2014) Press release and announcement Draft interinstitutional communication on the proposed rules to revise the existing risk-based capital framework by allowing the vast majority of banks, bank holding companies and savings associations: is allowed either to continue to apply the existing Basel I capital rule or to adopt a more risk-sensitive rule, known as Basel IA. Press Release and Announcement Regulates borrowing by deposit-taking and other institutions in the Federal Reserve discount window Review of the format of open credit disclosures, the content of disclosures and the physical protections provided for in the regulations (comments up to 25. March 2005) Press release and communication Establishment of standards and procedures for the supervision of providers of financial markets classified as systemically important (entered into force on 14 September 2012) Regulation (GPO) | Press release and announcement Revision of the policy statement on the scenario design framework for stress tests (comments until January 22, 2018) Press release and announcement Requiring large systemically important bank holding companies and non-bank financial companies to submit annual resolution plans and quarterly credit risk reports (comments due June 10, 2011) Press release from Press and Announcement Applies the provisions of Regulation T and you Borrowers who pay the United States.
