Regulatory Alerts2017-03-29
Added · Updated
Proposed Amendment to the Credit Risk Management Module (Module CM)
The Central Bank of Bahrain proposes amendments to its Credit Risk Management Module by adding paragraphs CM-5.5.11A and CM-4.4.13B to strengthen the monitoring of large exposures for licensed banks. All locally incorporated banks must submit their feedback, including nil responses, electronically to the regulator’s consultation email. Submissions are due by March 29, 2017, to finalize the regulatory updates.
Executive Director - Banking Supervision
مصرف البحرين المركزي
Central Bank of Bahrain
EDBS/KH/C/09/2017
16<sup>th</sup> March 2017
Chief Executive Officer
All Locally Incorporated Banks
Manama, Kingdom of Bahrain
Dear Sir,
Consultation: Proposed Amendments to Credit Risk Management Module (Module CM)
As part of the CBB’s objective in enhancing its regulatory framework, the CBB is proposing an amendment to the Credit Risk Management Module (Module CM), Chapter CM-5 “The Monitoring and Control of Large Exposures of Banks Licensed by the CBB” for Volume 1 and CM-4 for Volume 2, by adding a new paragraph, namely CM-5.5.11A and CM-4.4.13B, respectively.
The proposed amendment to Module CM shall be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.
The CBB requests all banks to provide their comments, including ‘nil comments’ on this proposed amendment.
Responses must be sent electronically to “consultation@cbb.gov.bh”, by 29<sup>th</sup> March 2017.
Yours faithfully
Khalid Hamad
ص.ب: ٢٧، المنامة - مملكة البحرين
هاتف: ٠٠١٧٥٤٧٤ - فاكس: ٠٥١٧٥٣٢٦٠٠
P.O. Box : 27, Manama - Kingdom of Bahrain
Tel: (+973) 17547400 - Fax: (+973) 17532605
website: www.cbb.gov.bh
E-mail: khalid.hamad@cbb.gov.bh
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