Compliance Training for Financial Institutions in Argentina: BCRA’s “A” 6375 and “A” 4609 Regulations Take Center Stage

The Argentine Central Bank (BCRA) has issued two key communications - “A” 6375 and “A” 4609 - to strengthen risk management practices among financial institutions that use decentralized or outsourcing services.

Background on the Regulations

• “A” 6375, issued on November 17, 2017, outlines comprehensive requirements for financial institutions using such services.
• “A” 4609, released on August 29, 2018, defines essential compliance requirements in various scenarios, including:
  • Information assets
  • Data processing
  • Operating procedures
  • More

Key Takeaways from the Regulations

• The requirements outlined in “A” 4609 are reflected in “A” 6375.
• “A” 6375 provides a more comprehensive and specific framework for financial institutions to ensure compliance.
• Financial institutions must focus on meeting the regulatory standards set forth in “A” 6375.

Huawei Cloud’s Support for Compliance

Huawei Cloud’s User Guide to Financial Services Regulations & Guidelines in Argentina highlights how the cloud provider can assist financial institutions in meeting these regulatory requirements. By leveraging Huawei Cloud’s expertise and solutions, financial institutions can:

• Streamline their operations
• Enhance security
• Maintain compliance with BCRA’s regulations