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
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