Regulatory Alerts2021-07-20
Adjustments to Proper Conduct of Banking Business Directives for Dealing with the Coronavirus Crisis (Temporary Provision)
The Bank of Israel has amended Proper Conduct of Banking Business Directive no. 250 to remove temporary coronavirus-related reliefs following government decisions to lift activity restrictions. The revision deletes Section 13a of the Business Continuity directive, allowing all banking branches to resume full pre-crisis operations and customer services. Despite the normalization of branch activities, banks remain required to maintain business continuity measures to protect customers and employees from ongoing pandemic risks.
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