RegAlert2024-04-30
Added · Updated
Palestine Monetary Authority Circular No. (2024/41): Countercyclical Capital Buffer
The Palestine Monetary Authority issued Circular No. (2024/41) to require all Palestinian banks to increase their countercyclical capital buffer to 1.588% of risk-weighted assets, pending specific implementing instructions. This adjustment directly addresses a 2023 study confirming an expanded granted credit gap, thereby strengthening the banking sector's resilience against economic fluctuations. Banks must apply this buffer according to forthcoming regulatory guidelines to maintain adequate capital coverage.
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Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (2024/41)
To all banks operating in Palestine Date: Tuesday, April 30, 2024
Subject: Countercyclical Capital Buffer Source
Based on the granted credit gap study in Palestine for 2023, the results showed an increase in the granted credit gap, which led to an increase in the countercyclical capital buffer source to 1.588% of risk-weighted assets. It will be applied in accordance with the instructions to be issued by the Palestine Monetary Authority specifically.
Supervision Group
Palestine Monetary Authority
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 | Postal Code: P6160675
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Source: Palestine Monetary Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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