Regulatory Alerts2020-01-01
Bank of Israel Circular Amending Semiannual Compliance Risk Reporting
The Bank of Israel issued Circular no. C-06-2602 to amend Directive no. 825 regarding the semiannual reporting of exposure to compliance risk for banking corporations and credit card companies. The revised directive mandates updated reporting requirements effective January 1, 2020, while explicitly waiving the submission obligation for the December 31, 2019 reporting period. The circular also provides specific instructions for updating the relevant directive files by replacing designated pages with new versions dated January 2020.
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