Regulatory Alerts2022-11-07
Adjustments to Proper Conduct of Banking Business Directives for New Banking Corporations
The Supervisor of Banks issues directives adjusting regulatory requirements for new and forming banking corporations in Israel to encourage competition while maintaining a risk-based approach. The document defines eligibility criteria based on asset size and activity complexity, granting exemptions or modified standards for capital, liquidity, governance, and risk management during a transition period. It mandates specific operational preparations, including the development of an exit plan, and outlines the process for entities to graduate from a limited license to full banking status.
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