The Association of Commercial Banks of the Dominican Republic (ABA) issued a statement yesterday that called the Rules for Evaluating Assets issued by the Central Bank “rigid and counterproductive, and therefore impractical.” The ABA said that they hoped the monetary authorities would review and clean up the rules. Bank representatives are estimating the effects of the new rules, and they have asked the monetary officials for more time to conduct their studies, especially since the rules are meant to go into effect today. According to the statement issued, “The ABA is assured that the monetary authorities will not only listen to the suggestions put forth on the rules, but that it will also find ways to compromise, so that the rigid and counterproductive aspects which make the rule impracticable are removed.” The Rules for the Evaluation of Assets is a crucial centerpiece of the requirements being made by the IMF for the banking sector. The content of the regulatory measures has caused some uneasiness among customers using credit facilities from the banks. The ABA says there must be a balance between absorbing credit risks and the flow of loans that a growing economy requires.