Regulatory Alerts2023-11-26
Insurance Cover on Loans/Financing
The Central Bank of Bahrain issued an amendment to its consultation draft on insurance cover for loans and financing, refining the cost recovery methodology to enhance customer fairness. The revised rules are codified in Paragraph BC-4.21.2 of the Business and Market Conduct Module (Volumes 1 and 2) within the CBB Rulebook. Retail banks must submit their feedback, including nil responses, in editable format by 26 November 2023.
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