Regulatory Alerts2013-03-20
Added · Updated
Accumulated Profit and Loss – Quarterly
The Israel Banking Supervision amends Instruction 832 to require banks to report accumulated profit and loss on a quarterly basis rather than cumulatively, effective for reports dated March 31, 2013, with specific forms 16 and 17 applying from December 31, 2013. The revision expands disclosure requirements to include separate reporting for foreign currency and index-linked exposures, breaks down salary and related costs by employee categories and locations, and mandates detailed reporting on information technology expenditures and personnel metrics. These changes replace the previous annual reporting instruction 855 and standardize the format for quarterly financial disclosures.
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