Regulatory Alerts2020-06-01
Additional Adjustments to Proper Conduct of Banking Business Directives for Dealing with the Coronavirus (Temporary Provision)
The Bank of Israel issued Circular no. C-06-2621 to amend Proper Conduct of Banking Business Directive no. 250 in response to government easing of activity limitations. The revision requires banking corporations to provide branch services primarily by appointment while mandating the publication of exceptions for urgent cases or vulnerable groups on their websites. These operational adjustments took effect on May 13, 2020, ensuring routine services resume under health-conscious protocols.
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