Regulatory Alerts2008-01-01
Instructions No. 5 of 2008 Regarding Capital, Reserves, Facilities, Investments, and Financial and Banking Indicators
The Palestine Monetary Authority issued Instructions No. 5 of 2008 to update Palestinian banking regulations in accordance with international best practices and Banking Law No. 2 of 2002. The directive formally attaches eleven specialized regulatory frameworks governing capital adequacy, ownership thresholds, corporate share investments, mandatory and risk reserves, credit provisions, external investments, derivatives and precious metals trading, liquidity management, currency position risks, and banking fees. These measures collectively impose comprehensive prudential and operational requirements on all banks operating in Palestine.
Palestine Monetary Authority
Palestine Monetary Authority
( 2008/ 5 ) Instructions
To all banks operating in Palestine
Date: Monday, December 29, 2008
Subject: Capital, Reserves, Facilities, Investments, and Financial and Banking Indicators
Pursuant to the provisions of Banking Law No. (2) of 2002, and in the framework of the Authority's efforts to develop regulations governing banking operations in line with international best practices, the following regulations are hereby attached:
- (1/5) Capital Adequacy Instructions.
- (2/5) Ownership Shares in Bank Capital Instructions.
- (3/5) Investment in Corporate Shares Instructions.
- (4/5) Mandatory Reserve Instructions.
- (5/5) Risk Reserve Instructions.
- (6/5) Credit and Its Provisions Instructions.
- (7/5) External Investments Instructions.
- (8/5) Derivatives Trading and Margin for Precious Metals (Gold and Silver) Instructions.
- (9/5) Liquidity Instructions.
- (10/5) Currency Position Risk Instructions.
- (11/5) Commissions and Fees Instructions.
[Signature]
Banking Supervision Department
Palestine Monetary Authority
Ramallah - Al bireh P.O.Box 452 - Tel.: 02-2415250 - Fax: 02-2409922
Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487
E-mail: info@pma.ps www.pma.ps
Ramallah - Al-Bireh P.O. Box 452 - Tel.: 02-2415250 - Fax: 02-2409922
Gaza P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487