Regulatory Alerts2018-06-05
Proposed Risk Management Related Modules and Additional Requirements to High Level Controls Module for Banks
The Central Bank of Bahrain has issued four new risk management modules to its Rulebook, establishing specific requirements for Domestic Systematically Important Banks, reputational risk, internal capital adequacy, and stress testing. These modules apply to all Bahraini bank licensees or designated domestic systemically important banks, mandating framework submissions by September 2019 and ongoing reporting schedules starting in late 2019. Banks must align their operational frameworks with the prescribed timelines for annual and bi-annual submissions, independent third-party reviews, and recovery plan approvals as detailed in the attached annexure.
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