Regulatory Alerts2018-07-02
Added
The Liquidity Coverage Ratio
The Bank of Israel amended Proper Conduct of Banking Business Directive no. 221 to exempt credit card companies from the Liquidity Coverage Ratio if they maintain an internal liquidity management model and hold liquid assets with a safety cushion. This exemption applies to credit card companies that comply with specified conditions regarding their liquidity needs and stress scenarios. The changes took effect upon the publication of Circular no. C-06-2564 on July 2, 2018.
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