Regulatory Alerts2023-07-24
Insurance Costs on Loans and Financings
The Central Bank of Bahrain proposes new insurance cover requirements for loans and financing under Module BC of its Rulebook, applying to both conventional and Islamic retail banks. These amendments establish specific coverage standards that financial institutions must implement to align with enhanced regulatory framework expectations. Banks are required to submit their feedback, including nil comments, in editable format via email by 24 July 2023.
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