CBB Updates Rulebook for Conventional and Islamic Banks
CBB released a quarterly update to the Rulebook Volume 1 for conventional banks and the Rulebook Volume 2 for Islamic banks. The key updates relate to Parts A and B of the Rulebooks. Banks must ensure that, where needed, appropriate action is taken to ensure full compliance. Banks that are not in full compliance must notify CBB with immediate effect and provide an action plan for compliance on a quarterly basis.
As part of this quarterly update, CBB has:
- Updated the modules on general requirements, financial crime, and operational risk management, under Part A of Rulebook Volumes 1 and 2
- Updated the module on high-level controls, under Part A of Rulebook Volume 2
- Deleted the definition on framework from the glossary (as used in the module on operational risk management), under Part B of the Rulebook Volumes 1 and 2
- Added supplementary information on capital adequacy, under Part B of the Rulebook Volumes 1 and 2
Related Links
- Circular for Conventional Banks
- Circular for Islamic Banks
- Rulebook Volume 1 for Conventional Banks
- Rulebook Volume 2 for Islamic Banks
Keywords: Middle East and Africa, Bahrain, Banking, CBB Rulebook, Operational Risk, Regulatory Capital, Basel, Islamic Banking, CBB
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