CBB Updates Its Rulebook for Islamic and Conventional Banks
CBB released its quarterly update to Rulebook Volume 1 (for conventional banks), Volume 2 (Islamic banks), Volume 3 (insurers), Volume 4 (investment business), and Volume 5 (all specialized licensees). The changes have been listed in the table attached with circulars on quarterly updates for each rulebook volume. Banks, insurance licensees, and specialized licensees must ensure that, where needed, appropriate action is taken to ensure full compliance. Those not in full compliance must notify CBB with immediate effect and provide an action plan for compliance on a quarterly basis.
The key changes in Volume 1 and Volume 2 are related to the liquidity coverage ratio (LCR) reporting. Appendix BR-23 on LCR reporting form has been added under Part B of Rulebook Volumes 1 and 2. Under the Liquidity Risk Management (LM) Module of Part A of Volume 2, a reference to BR has been added regarding LCR reporting. Additionally, guidelines for completion of Prudential Information Report for Islamic banks (PIRI), under Part B of Volume 2, have also been updated.
Related Links
- Rulebook Volume 1: Quarterly Update
- Rulebook Volume 2: Quarterly Update
- Rulebook Volume 3: Quarterly Update
- Rulebook Volume 4: Quarterly Update
- Rulebook Volume 5: Quarterly Update
Keywords: Middle East and Africa, Bahrain, Banking, Insurance, Securities, CBB Rulebook, Islamic Banking, Reporting, LCR, CBB
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