Regulatory Alerts2025-01-01
Circular No. 7 Business Continuity and Crisis Management Plans
The Palestine Monetary Authority issued Circular No. 7 of 2025, requiring all operating banks to activate and update their business continuity and crisis management plans in alignment with prior regulatory directives. The circular mandates that banks ensure key personnel can perform their duties, maintain optimal electronic banking and ATM operations, apply specific cybersecurity controls for remote work, and verify system interconnectivity at alternative sites to guarantee operational resilience during emergencies. Banks must also comply with existing safety and security regulations to protect assets, mitigate risks, and overcome current logistical constraints affecting staff mobility across governorates.
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