Regulatory Alerts2011-01-01
Instructions No. 6 of 2011 regarding Credit Risk Management
The Palestine Monetary Authority issued Instructions No. 6 of 2011 to mandate that all banks operating in Palestine adopt a comprehensive credit risk management framework aligned with Basel Committee recommendations. The directive requires banks to establish robust governance structures, implement strict credit granting controls and customer assessment procedures, and enforce portfolio diversification limits across sectors, geographies, and affiliated groups. Compliance is mandatory from the issuance date, obligating banks to rectify existing practices and ensure continuous monitoring, independent evaluation, and alignment with regulatory ceilings.
Share