Regulatory Alerts2023-04-26
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Circular No. 91 Sustainable Financing and Climate-Related Risks
The Palestine Monetary Authority issued Circular No. 91/2023 to mandate sustainable financing by integrating environmental, social, and governance (ESG) criteria into banking operations. The circular requires all Palestinian banks to submit a completed questionnaire within two weeks and deliver periodic supervisory reports by May 31, 2023, with quarterly submissions due within five working days after each quarter ends. These requirements establish a structured reporting framework to strengthen the financial sector's contribution to sustainable development and climate risk mitigation.
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