Regulatory Alerts2020-03-10
Proposal to Reduce Retention Period of Non-Performing Facilities Data in Credit Reference Bureau Reports
The Central Bank of Bahrain proposes reducing the retention period for non-performing facilities data in Credit Reference Bureau reports to three years for retail customers and five years for corporate entities. This change addresses customer complaints over service denials caused by outdated non-performing records. Licensed financial institutions must submit electronic comments, including nil responses, to the regulator by 10 March 2020.
Share