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April 24, 2018

CBB is proposing new risk management related modules to the Rulebook Volumes 1 and 2, along with additional requirements to an existing High-Level Controls Module (Module HC). The proposed modules include Domestic Systemically Important Banks Module (Module DS), Reputational Risk Management Module (Module RR), Internal Capital Adequacy Assessment Process Module (Module ICAAP), and Stress Testing Module (Module ST). Comment period ends on June 05, 2018.

The descriptions of these modules are as follows:

  • Module DS—Deals with the requirements to be fulfilled by all banks with regard to identifying systemically important banks (SIBs) and the specific obligations under the rules for the SIBs
  • Module RR—Deals with risk management requirements for managing reputational risk
  • Module ICAAP—Deals with key principles of the supervisory review process, risk management guidance, transparency, and accountability with respect to the banking risks
  • Module ST—Deals with the key elements of an effective stress testing program
  • Module HC—Introduces certain general risk management requirements under Section HC-6.6

CBB is introducing these new modules to the Rulebook Volumes 1 and 2, as part of the objective to enhance its regulatory framework and keep pace with the standards set by FSB and BCBS. Volume 1 contains guidance and directives for conventional banks whereas Volume 2 contains guidance and directives for Islamic banks.


Related Links

Comment Due Date: June 05, 2018

Keywords: Middle East and Africa, Bahrain, Banking, Islamic Banking, D-SIBs, Stress Testing, ICAAP, CBB

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