Regulatory Alerts2014-11-15
Revised Form PIR
The Central Bank of Bahrain has restructured its prudential information returns to align with Module CA changes and requires all locally incorporated conventional banks to complete the revised form on a trial basis. Banks must use June 2014 data to validate internal pro-forma capital adequacy calculations under the Basel III regime, testing new pages in Sections B, C5, and C6 before formal reporting begins for the quarter ending 31 March 2015. Completed Excel forms must be submitted via email to the CBB by 15 November 2014, after which the finalized version will be published in the bank's Rulebook.
# Executive Director - Banking Supervision
EDBS/KH/C/52/2014
2nd November 2014
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## The Chief Executive Officer
All Locally Incorporated Conventional Banks
Manama
Kingdom of Bahrain
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Dear Sir,
# Revised Form PIR
Further to the changes introduced on Module CA this year, the CBB has restructured the existing prudential information returns (PIR). As such, all recipients of this circular are requested to complete the revised PIR on a trial basis prior to the commencement of formal reporting which will take effect for the quarter ending 31st March 2015.
Banks should complete the PIR using their June 2014 data as source information. The intention of this exercise is twofold. First, the exercise is designed to test the integrity of the new pages of the form in Section B (and C5 and C6). Although the form has already been tested by a few large banks, the CBB wishes to check whether the form produces accurate and reliable capital adequacy ratios under a Basel III regime. The new pages in Section B of the PIR cross-refer to specific paragraphs in Module CA to aid completion of the form.
Second, the exercise is designed to allow banks to prepare internal systems and to provide a validation of their internal calculations of pro-forma capital adequacy calculations under the new capital adequacy regime.
Banks should complete the form PIR up to sheet C6 and return it to the CBB by email to the “open consultations” email address on the CBB website by 15th November 2014 (consultation@cbb.gov.bh). The form PIR is available in Excel format under the “open consultations” page on the CBB website.
Any queries on completion of the form may be submitted to richardellis@cbb.gov.bh
The new full PIR will be finalised after completion of this exercise and will be posted in the Rulebook Section of the CBB website in early 2015.
Yours faithfully,
Khalid Hamad
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**Central Bank of Bahrain**
ص.ب: ٢٧، المنامة - مملكة البحرين
هاتف: (+973) 17052840 - فاكس: (+973) 17052760
P.O. Box: 27, Manama - Kingdom of Bahrain
Tel: (+973) 17547400 - Fax: (+973) 17532605
website: www.cbb.gov.bh
E-mail: khalid.hamad@cbb.gov.bh
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