Regulatory Alerts2022-05-25
Amendments to Liquidity Coverage Ratio and Net Stable Funding Ratio Directives
The Banking Supervision Department of the Bank of Israel has amended Proper Conduct of Banking Business Directives no. 221 and no. 222 to clarify the definition of a Financial Institution. The updated definition expands the scope to include entities dealing in financial activities such as securities companies, insurance firms, trustees, and specific holding companies. These regulatory changes are scheduled to take effect on January 1, 2023.
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