Regulatory Alerts2020-04-01
Adjustments to Proper Conduct of Banking Business Directives for Dealing with the Coronavirus (Temporary Provision)
The Bank of Israel issued temporary adjustments to Proper Conduct of Banking Business Directive no. 250 to ensure the continuity of banking services while protecting public health during the coronavirus pandemic. The directive mandates that banking corporations keep at least 15 percent of their branches open to the public, restricting these locations to providing only cash and check withdrawal and deposit services. The Supervisor of Banks retains the authority to issue specific directives regarding branch openings and services if necessary to maintain suitable service levels.
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