Regulatory Alerts2022-05-15
Adjustments to Proper Conduct of Banking Business Directives for Dealing with the Coronavirus Crisis
The Bank of Israel issued Circular no. C-06-2708 to extend the validity of leverage ratio easing for banking corporations through December 31, 2023. This amendment addresses continued economic impacts from the COVID-19 crisis by allowing institutions utilizing the easing to return to pre-provision leverage ratios within two quarters after the extension expires. The updated provisions for Proper Conduct of Banking Business Directive no. 250 took effect immediately upon the circular's publication date.
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