Regulatory Alerts2019-03-07
Revised Credit Risk Management Module (Module CM)
The Central Bank of Bahrain has issued a consultation on its revised Credit Risk Management Module (Module CM), which updates regulatory requirements for conventional banks and audit firms. The proposed directive incorporates IFRS 9 impairment provisioning standards, Basel Committee guidelines on large exposures, and enhanced practices for managing non-performing assets. Interested parties must submit their electronic comments, including nil responses, in an editable format to the regulator by 7 March 2019.
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