Regulatory Alerts2013-02-12
Added
Directives of the Supervision of Banks Department on Reporting
The directive introduces a new quarterly reporting requirement for credit risk in the Israeli construction sector, replacing the existing monthly reporting under Directive 806 with effect from January 1, 2014. It amends Directive 809 to include additional provisions for credit risk and updates Directive 821 to define the construction sector and renumber specific rows. Banks must submit a unified report on a consolidated basis containing three specific schedules detailing credit risk by collateral type, loan-to-value ratios, and sector classification.
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