Regulatory Alerts2019-10-27
Proposed Draft Regulation Governing Control in Bank Licensees
The Central Bank of Bahrain has issued a consultation on its proposed draft regulation to replace Resolution No. 31 of 2008, establishing updated control requirements for all domestic and foreign bank licensees. The framework mandates compliance with revised governance standards, including specific provisions for foreign banks under Article 2. Regulators require all licensed institutions to submit their feedback electronically in an editable format by October 27, 2019.
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