Regulatory Alerts2013-01-13
Added
Disclosure of Deposits
The Israel Banking Supervision amends the Public Disclosure Regulations to align deposit disclosure requirements with US and European standards. The amendments introduce definitions for institutional, fixed-term, interest-bearing, and non-interest-bearing deposits, and require separate disclosure of deposits by type, interest status, and geography (Israel vs. abroad). Banks must now disclose the total balance of the three largest depositor groups, segment public deposits by size tiers (1-10, 10-100, 100-500, 500+ million NIS), and provide maturity and inflation-linked analysis for assets and liabilities. These changes apply retrospectively to the 2013 annual report and prospectively to quarterly reports from March 31, 2013, excluding institutional deposits from the retrospective application.
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