Regulatory Alerts2017-10-22
Added
Capital Adequacy and Measurement—the Standardized Approach—Credit Risk
The Bank of Israel amends Proper Conduct of Banking Business Directive no.203 to update definitions and eligible entities for banking corporations and credit card companies. The revision removes specific Public Sector Entities from the Directive, adds a provision for the Supervisor of Banks to determine additional entities, and updates the list of eligible external credit assessment institutions to include AM Best Europe-Rating Services with corresponding rating mappings. The changes also add the Euro Stoxx 50 Index to eligible collateral indices and replace the Tel Aviv 100 Index with the Tel Aviv 125 Index, with these amendments taking effect upon publication.
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