2023-12-20
The Bank of Israel's Banking Supervision Department has amended Proper Conduct of Banking Business Directive no. 218 to extend the validity of leverage ratio relief until December 31, 2025. This extension allows banking corporations that previously utilized the temporary provision to maintain their adjusted ratios for an additional period before reverting to the standard requirements within two quarters. The update takes effect immediately upon publication on the Bank of Israel website and is exempt from a regulatory impact report due to its limited material effects.