Regulatory AlertsAdded · Updated
Circular - Banks - Outcomes of the Second Meeting (2025)
The Palestine Monetary Authority requires banks to submit quarterly progress reports on their internal sustainable finance working groups starting at the end of 2025, as part of the supervisory report on sustainable finance. Banks must ensure their internal teams execute tasks defined in their charter and align practices with international standards such as Basel Committee recommendations, TCFD guidelines, and IFRS S1 and S2. The Authority will facilitate knowledge exchange on local frameworks, green product development, and sustainable taxonomies, while banks are tasked with developing a financial sector action plan consistent with the PMA's sustainable finance roadmap.
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