Regulatory Alerts2024-02-04
Cancellation of Proper Conduct of Banking Business Directive no. 250 Regarding Coronavirus Crisis Adjustments
The Bank of Israel's Banking Supervision Department has cancelled Proper Conduct of Banking Business Directive no. 250, which previously provided temporary adjustments for banking corporations to manage the Coronavirus crisis. The regulator determined that the directive's content is no longer relevant and that its impacts are not material, thereby exempting the cancellation from a formal regulatory impact report. The cancellation takes effect immediately upon the publication of Circular no. C-06-2775 on the Bank of Israel website.
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