RegAlert

Consultation · CBB · 27 Oct 2019

Proposed Draft Regulation Governing Control in Bank Licensees

governance

The Central Bank of Bahrain has issued a consultation on its proposed draft regulation to replace Resolution No. 31 of 2008, establishing updated control requirements for all domestic and foreign bank licensees. The framework mandates compliance with revised governance standards, including specific provisions for foreign banks under Article 2. Regulators require all licensed institutions to submit their feedback electronically in an editable format by October 27, 2019.

BahrainCentral Bank of Bahrain

Central Bank of Bahrain

Executive Director - Banking Supervision

EDBS/KH/C/74/2019
6th October 2019

Chief Executive Officer
All Banks
Manama, Kingdom of Bahrain

Dear Sir,

Consultation: Proposed Draft Regulation Governing Control in Bank Licensees

The Central Bank of Bahrain (‘the CBB’) is issuing to all banks for their comments a draft regulation governing control in banks to replace Resolution No. (31) for the year 2008.

With regards to foreign banks, Paragraph 2 of Article (2) applies.

You are kindly requested to review the draft regulation and to provide the CBB with your comments, including ‘nil comments’ on these changes. Responses must be sent electronically, in an editable format, to consultation@cpp.gov.bh by 27th October 2019.

The draft regulation shall be available on the CBB website (www.cbb.gov.bh) under the “open consultations” section.

Yours faithfully

Khalid Hamad

Cc: Bahrain Association of Banks

ص.ب : ٢٧، المنامة - مملكة البحرين
هاتف : (+973) 17547400 - فاكس: (+973) 17532605 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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Annotations and obligations
2 obligations · 4 definitions
  • Obligation 2
  • Definition / condition 4
  • background, boilerplate

Lineage

The documents this one cites, and the documents that cite it.

Resolution No. 31 of 2008Not in RegAlertResolution No. 31 of 2008 — Not in RegAlertProposed Draft RegulationGoverning Control in Bank Lic…2019-10-27 · this documentProposed Draft Regulation Governing Control in Bank Licensees (2019-10-27)Mentions (1)a document that mentions itopen the list below the graph ▾Mentions (1): a document that mentions it without changing it — open the list below the graph
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Supersedes
  • Resolution No. 31 of 2008Not in RegAlert

    “a draft regulation governing control in banks to replace Resolution No. (31) for the year 2008.”

Mentions (1): 1 document mentions this one without changing it
Referred to by

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Source: Central Bank of Bahrain — 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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