2015-06-04

Proposed Amendments to Module HC for All Islamic Bank Licensees

The Central Bank of Bahrain proposes amendments to Module HC (High Level Controls) for all Islamic bank licensees, aligning their regulatory framework with Basel Committee corporate governance and compliance standards alongside IFSB guidelines. Licensees must submit written comments, including nil responses, specifically addressing the newly highlighted text by June 4, 2015. The finalized amendments will be published on the CBB website following the consultation period.

Bahrain

Central Bank of Bahrain

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