Regulatory Alerts2025-01-01
Circular No. 5: Bank Network Connection with the Palestine Monetary Authority
The Palestine Monetary Authority issued Circular No. 5/2025 to all operating banks, mandating the addition of a secondary backup network line from Mada Al-Arab and an increased speed for the primary Paltel connection to ensure service continuity and mitigate disruption risks. Banks are required to submit their designated network officer's contact details to mharb@pma.ps and may direct technical inquiries to the Authority's Technology Systems Department. This directive aligns with existing business continuity guidelines and implements industry best practices for banking network infrastructure.
Share