Regulatory Alerts2025-01-01
Circular No. 30: Establishment of the Sustainable Finance Working Group
The Palestine Monetary Authority has issued Circular No. 30 of 2025 to formally establish a dedicated Sustainable Finance (ESG) Working Group responsible for standardizing environmental, social, and governance reporting across Palestinian financial institutions. The directive mandates all licensed banks and insurance companies to designate ESG focal points, align internal risk frameworks with the new guidelines, and submit biannual compliance reports within six months of issuance. Non-compliance triggers regulatory follow-up actions, while the Working Group retains authority to update reporting standards in line with international best practices.
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