Regulatory Alerts2024-03-31
Interest Rate Risk in the Banking Book (IR) Module
The Central Bank of Bahrain proposes a new Interest Rate Risk in the Banking Book Module to enhance its regulatory framework and establish compliance standards for conventional banks. The directive requires identified banks to adhere to Chapter IR-2 provisions, while all regulated entities must submit feedback or nil comments in an editable format by 31 March 2024. The proposed module will be published on the CBB website and integrated into Volume 1 of the CBB Rulebook upon finalization.
Central Bank of Bahrain
مصرف البحرين المركزي
OG/17/2024
16<sup>th</sup> January 2024
Chief Executive Officer
All Conventional Banks
Manama
Kingdom of Bahrain
Dear Sir/ Madam,
**Consultation: Interest Rate Risk in the Banking Book Module (Module IR)**
As part of the CBB’s objective to enhance its regulatory framework, the CBB is proposing a new Interest Rate Risk in the Banking Book Module (Module IR) under CBB Rulebook – Volume 1.
In accordance with Paragraph IR-1.1.2 in the proposed Module, the CBB will communicate with the banks who are identified to comply with Chapter IR-2 of the Module.
The proposed Module shall be available on the CBB website (www.cbb.gov.bh) under the “Open Consultations” section.
The CBB requests you to provide your comments, including ‘nil comments’, on the proposed Module in an editable format to consultation@cbb.gov.bh by 31<sup>st</sup> March 2024.
Yours faithfully,
Rasheed M. Al-Maraj
Governor
cc: Bahrain Association of Banks
External Audit Firms
هاتف · +٩٧٣ ١٧٥٤ ٧٠٠٠، فاكس · +٩٧٣ ١٧٥٤ ٧٠٠٠، ص.ب ٢٧، المنامة، مملكة البحرين
T +973 1754 7500, +973 1754 7555, F +973 1753 7799, P.O. Box 27, Manama, Kingdom of Bahrain, www.cbb.gov.bh
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