CM-A.3 CM-A.3 Regulation history
CM-A.3.1
This module was first issued in July 2004 as part of the conventional principles volume. All regulations in this volume have been effective since this date. All subsequent changes are dated with the month and year at the base of the relevant page and in the Table of Contents. Chapter UG-3 of Module UG provides further details on Rulebook maintenance and control.
CM-A.3.2
The most recent changes made to this module are detailed in the table below:
Summary of changes
Module Ref. Change Date Description of Changes CM-8 1/1/2005 Revised Consumer Finance Limits CM-A.2 1/1/2005 Revised Key Requirements to reflect CM-8 above CM-8.3 1/7/2005 Revised definition of "consumer loan" CM-3.2 1/10/2005 Role of internal audit becomes a rule CM-8.4 1/10/2005 Clarifications re non-compliant facilities Evolution of the Module
CM-A.3.3
Prior to the development of this Rulebook, the Agency had issued various circulars representing regulations covering different aspects of credit risk management. These circulars have now been consolidated into one module covering the credit risk management regulation. These circulars and their evolution into this module are listed below:
Circular Ref. Date of Issue Module Ref. Circular Subject BC/117/95
(partial)1 Feb 1995 CM-1–CM-2 Risk Management OG/127/01 18 Mar 2001 CM-2.3 Developing a Sound Credit Culture BC/1/01
(partial)8 May 2001 CM-4.2 IAS 39 EDBC/1/95 26 Aug 1995 CM-4.3 Re: Provisioning Policies of Branches of Foreign Banks in Bahrain OGD/27/88 9 Feb 1988 CM-4.4 Provisions Against Country Debt BC/1/01
(partial)8 May 2001 CM-4.4 IAS 39 BC/12/01 26 Nov 2001 CM-5 The Monitoring and Control of Large Exposures of Banks Licensed by the Agency EDBC/128/96 4 Aug 1996 CM-6 Staff Loans OG/45/88 13 Mar 1988 CM-7.1 Write-Off — Credit Facility BC/7/01
(partial)23 Oct 2001 CM-7.1 Audited Financial Statement of Locally Incorporated Banks for the Year Ending 31 December 2001 and Subsequent Years. BC/8/01
(partial)22 Oct 2001 CM-7.1 Audited Financial Statement of Branches of Foreign Banks for the Year Ending 31 December 2001 and Subsequent Years. OG/50/92
(partial)4 Mar 1992 CM-8.1–CM-8.2 Consumer Finance OG/73/02 17 Feb 2002 CM-8.1–CM-8.2 Duty to Display Current Effective Rate of Interest BC/3/98 21 Feb 1998 CM-B.2 Basel Committee on Banking Supervision Framework for the Evaluation of Internal Controls Systems Effective date
CM-A.3.4
The contents of this module are effective from the date depicted in the original circulars (see paragraph CM-A.3.3) from which the requirements are compiled.
