Regulatory Alerts2021-03-22
Adjustments to Proper Conduct of Banking Business Directives for Dealing with the Coronavirus Crisis (Temporary Provision)
The Bank of Israel extends the temporary provision for the Proper Conduct of Banking Business Directive no. 250 by six months, valid through September 30, 2021, to assist households and businesses during the coronavirus crisis. The revision updates Section 13 to allow banks to offer debit cards via ebanking to customers without existing cards, while maintaining earlier expiration dates for specific sections such as those ending in 2020 and March 2021. Additionally, the directive permits capital ratios to remain up to 0.3 percentage points below minimums for six months following the directive's validity end to facilitate cautious capital planning.
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