Regulatory Alerts2016-06-21
Exposure Draft – Technical Note on Stress Testing for IIFS
The Central Bank of Bahrain has issued a public consultation notice regarding the Islamic Financial Services Board’s exposure draft on stress testing for Institutions Offering Islamic Financial Services. All licensed Islamic banks must submit their written feedback electronically or by fax to the IFSB Secretariat no later than 21 June 2016. Each submission requires a concurrent electronic copy to be forwarded directly to the Central Bank of Bahrain for regulatory assessment.
# Executive Director - Banking Supervision
EDBS/KH/C/15/2016
21st April 2016
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**Chief Executive Officer**
All Islamic Bank Licensees
Manama
Kingdom of Bahrain
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Dear Sir,
## Public consultation of “Exposure Draft – Technical Note on Stress Testing for Institutions Offering Islamic Financial Services (IIFS)”
The Islamic Financial Services Board (IFSB) has issued an Exposure Draft related to Technical Note on Stress Testing for Institutions Offering Islamic Financial Services (ED TN-2) for public consultation.
The CBB therefore requests all Islamic bank licensees to provide their comments, on this consultation paper to the IFSB’s Secretariat electronically to “ifsb_sec@ifsb.org” or via facsimile to +603-91951405, no later than 21st June 2016. A copy of the comments shall also be sent electronically to “consultation@cbh.gov.bh”.
Yours faithfully,
Khalid Hamad
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**Central Bank of Bahrain**
ص.ب: ٢٧، المنامة - مملكة البحرين
هاتف : (+٩٧٣) ١٧٥٤٧٤٠٠ - فاكس: (+٩٧٣) ١٧٥٢٢٦٠٥
P.O. Box : 27, Manama - Kingdom of Bahrain
Tel: (+973) 17547400 - Fax: (+973) 17532605
website: www.cbb.gov.bh
E-mail: khalid.hamad@cbb.gov.bh
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