The BCRA flexible the calculation of lace to improve the daily liquidity management of the banks.
A communication from the Central Bank (BCRA), introduced a key modification in the calculation of minimum cash (lace) that banks must maintain. This measure seeks to make the daily operation of banks more flexible, and allows them greater efficiency in liquidity management, especially in a context where the monetary entity He had measured lace daily instead of a monthly average.
As of September, the Central Bank will allow passive passes and stock marketing in a takeover position (that is, when the bank takes funds) is computed for the calculation of lace for its net position (if it is negative). This consideration applies only If the expiration of the operation coincides with the expiration of the lace and if the operation is carried out in a market authorized by the CNV.
Before, the banks that took funds by means of ciones or passes at the end of the day could be left with an excess of liquidity that they could not place, negatively affecting their profitability. With this new standard, These operations can be considered as part of the minimum cash required.
In this regardBCRA SOURCES They detailed to Scope that the communication to 8305 “seeks to correct a specific aspect in the computation of the lace” since two weeks ago the requirements had been raised on cautions and passive passes, provided that the counterparts were not banks, and that was counted in a form Gross.
“From today it will be calculated net: which implies that if an entity takes liquidity and the same day replenishes with the reverse operation, that position is neutral and does not increase the requirement of lace. For certain arbitrations it represents a relief, but is not directly linked to the most recent lace rules, “they explained.
The meeting between the BCRA and the banks that anticipated the changes
After a first meeting, held last Thursday and in which more than 200 representatives of financial entities via Zoom participated, This Tuesday the Central Bank (BCRA) saw the faces with private banks. In the meeting they discussed the recent measures arranged by the highest monetary authority.
In this second meeting that was much more limited and only the great players of the sector participated. Unlike the first, which was commanded by Darío Stefanelli, main manager of BCRA normative applications, On this occasion, the president of the entity, Santiago Bausili, was put in front.
The official listened to the complaints of the entities about the impact that the latest measures on the YL market haveIt is transmitted to the representatives of main banks that will evaluate corrections to the lace regulationsaccording to this means of sources with direct knowledge of what was discussed.
Source: Ambito
