Regulatory Alerts2022-01-01
Circular No. 317 Regarding Instructions No. 02-2018
The Palestine Monetary Authority is amending Instructions No. (2018/02) to modify the calculation mechanism for the General Provision (GP), specifically restricting regulatory capital recognition to only the impact on the Stage 1 General Risk Reserve. This amendment will take effect by the end of 2023. Banks are required to factor this upcoming change into their 2022 dividend distribution decisions and capital planning processes.
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