Regulatory Alerts2021-09-30
Credit Risk Management
The Banking Supervision Department of Israel issued Circular No. C-06-2672 to update Proper Conduct of Banking Business Directive No. 311 regarding credit risk management. The revision incorporates references to the new Directive 314A on workout processes and deletes Section 83a, transferring its debt write-off requirements to the separate directive. This updated directive becomes effective for banking corporations on April 1, 2022.
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