Regulatory Alerts2013-09-29
Added
Assets and Liabilities According to Indexing Base and According to Time-to-Maturity
The Supervision of Banks Policy Unit amends public reporting instructions for banking institutions to require the presentation of assets and liabilities by currency and time-to-maturity based on the indexing base (Israeli currency or foreign currency) rather than the previous distinction between local and foreign currency activities. These amendments, effective for reports for the year 2013 onwards, mandate specific reporting formats for net settled derivatives and clarify classification rules for assets and liabilities with optional contractual maturity dates or credit lines. Banking institutions must reclassify comparative figures for prior years to align with the new format and may contact Eido Galil for implementation guidance.
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