Regulatory Alerts2024-10-31
Bank of Israel Temporary Directive on Proper Conduct of Banking Business for Swords of Iron War
The Bank of Israel issued a temporary directive amending Proper Conduct of Banking Business Directive no. 251 to provide banking corporations with operational flexibility during the Swords of Iron War. The amendment extends the validity period for updated financial statements and semiannual reports by three months to alleviate the burden on customers adversely impacted by the conflict. These regulatory adjustments are effective upon publication and remain in force until December 31, 2024.
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