Regulatory AlertsAdded · Updated
Palestine Monetary Authority Circular No. 5/2025: Outputs of the Second Meeting of the Sustainable Finance Working Group
Circular No. 5/2025 requires banks operating in Palestine to submit quarterly progress reports on their internal sustainable finance working groups starting at the end of 2025. The circular mandates that banks ensure their teams execute tasks defined in their charters and align financial sector practices with international standards, including Basel Committee recommendations, TCFD guidelines, and IFRS S1 and S2 sustainability standards. Additionally, banks are directed to begin preparing a financial sector action plan to integrate efforts and enhance innovation in sustainable products and services in accordance with the Authority's roadmap.
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