Regulatory Alerts2024-02-08
Update of Directives (Proper Conduct of Banking Business Directives no. 203, 218, and 313)
The Banking Supervision Department of Israel amended Proper Conduct of Banking Business Directives 203, 218, and 313 to align with the new Directive 203A on Handling Counterparty Credit Risk. These changes replace outdated exposure calculation methods for derivative financial instruments and central counterparties with the SA-CCR approach to reduce operational burden. The updated directives, which include cancelled sections and revised references, take effect on July 1, 2022.
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