Regulatory Alerts2014-09-28
Added
Amendments to Proper Conduct of Banking Business Directive 342 Regarding Liquidity Risk Management for Foreign Banks
The Bank of Israel amends Proper Conduct of Banking Business Directive 342 to replace quantitative liquidity ratios and liquidity coverage ratio requirements for foreign branches with the liquidity ratio defined in Appendix 3 of Directive 221. Foreign branches with average annual assets not exceeding NIS 15 billion may rely on their parent bank for certain qualitative requirements if liquidity risk is managed centrally. The Supervisor considers expanding liquidity requirements for branches exceeding this asset threshold, and the circular enters into force on April 1, 2015.
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