CBB proposed the revised Directive governing the requirements for credit risk management, as part of the Module CM of the Rulebook Volumes 1 and 2. The CBB Rulebook Volume 1 applies to conventional banks while Volume 2 applies to Islamic banks. Comment period on the consultations ends on March 07, 2019.
CBB requests all conventional banks, Islamic banks, audit firms, and interested parties to provide comments on the revised modules, which take into account the following enhancements:
- Impairment provision requirements of IFRS 9 with respect to the Financial Instruments Measurement and Recognition
- Various improvements in the BCBS standards relevant to credit risk, including the Supervisory Framework for Measuring and Controlling Large Exposures
- Other best practices in the area of credit risk management; for example, management of non-performing assets.
- Notification for Conventional Banks (PDF)
- Notification for Islamic Banks (PDF)
- Revised Module CM: Volume 1 (PDF)
- Revised Module CM: Volume 2 (PDF)
- Glossary for Volume 1 (PDF)
- Glossary for Volume 2 (PDF)
Comment Due Date: March 07, 2019
Keywords: Middle East and Africa, Bahrain, Banking, Islamic Banking, Large Exposures, Credit Risk, IFRS 9, NPLs, CBB
Previous ArticleECB Opinion on the CBM Supervision of Credit Reference Agencies
EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).
EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.
BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.
PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).
FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.
FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.
Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.