Regulatory Alerts2024-01-01
Circular No. 72 Business Continuity and Crisis Management Plans in Current Circumstances
The Palestine Monetary Authority issued Circular No. 72 of 2024, mandating all Palestinian banks to activate business continuity and crisis management plans in accordance with Articles 5 and 8 of Instruction No. 5 (2022). The directive requires banks to maintain uninterrupted electronic banking services, ensure constant ATM cash replenishment and optimal monitoring, expand fuel tank capacity for emergency operations, and conduct routine generator maintenance. These measures collectively safeguard the banking sector's soundness and operational continuity under current conditions.
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