Regulatory Alerts2024-01-28
Insurance Cover on Loans
The Central Bank of Bahrain proposes new insurance cover requirements for loans under the Business and Market Conduct Module, specifically targeting financing company licensees. These amendments to the CBB Rulebook mandate enhanced regulatory standards for loan insurance coverage and are currently open for public consultation on the regulator's website. Financing companies must submit their feedback, including nil responses, to the CBB by 28 January 2024.
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