Regulatory Alerts2026-01-01
Circular - Banks - Outcomes of the Second Meeting (2025)
The Palestine Monetary Authority issued Circular 2025/87 mandating licensed banks to align financial reporting and risk disclosures with IFRS, ISSB, and GICS standards. The directive requires standardized capital adequacy calculations, digital submission of audited financial statements by Q4 2025, and integrated ESG reporting protocols. Ongoing supervisory reviews and enforcement mechanisms will ensure consistent compliance across all regulated financial institutions.
www.pma.ps PALESTINE MONETARY AUTHORITY Ramallah & Al-Bireh Governorate - Palestine | P.O. Box 452 info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 Postal code: P6160675
Circular - Banks - Outcomes of the Second Meeting (2025) Date: 19 October 2025 | Reference: 2025/87
The Palestine Monetary Authority (PMA) issues this circular to outline the regulatory outcomes of its second 2025 banking sector meeting. Licensed financial institutions must align their financial reporting and disclosure practices with International Financial Reporting Standards (IFRS) and the International Sustainability Standards Board (ISSB) frameworks. Banks are required to adopt Global Industry Classification Standard (GICS) taxonomies for asset mapping and risk classification. The directive mandates the submission of audited financial statements, internal control reports, and capital adequacy calculations by Q4 2025. Supervisory review procedures, digital reporting templates, and ESG integration protocols are standardized to ensure consistent regulatory compliance. All entities must implement these requirements within the stipulated timeline, subject to ongoing PMA oversight and periodic enforcement actions.
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine | P.O. Box 452 info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 Postal code: P6160675
Palestine Monetary Authority Circular Reference: 2025/30 | Meeting Session: Second (2025) Banking Sector Supervision Department | Corporate Finance & Compliance Division Effective Date: 20 November 2025