Submit to Congress amendment to the General Banking Law to allow the SBS (Superintendence of Banks) the introduction of capital requirements for exchange-rate related risk in line with Basel II.
At P1R2, redefined, and reset to 6/30/2008. The authorities now plan to raise capital requirements to deal with the foreign-currency risks, in line with Basel II, which requires legal amendments.  Descriptor changed from "issue new regulations regarding new risk categories and provisions to address foreign currency risk" to current sb.
