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  • CM-A.1 CM-A.1 Purpose

    • CM-A.1.1

      The purpose of this Module is to provide a checklist of the key elements of a sound credit risk management system which supervisors can expect their banks to observe. This requirement is supported by Article 44(c) of the Central Bank of Bahrain and Financial Institutions Law (Decree No. 64 of 2006).

      Amended: April 2011
      Amended: January 2011
      October 2007

    • CM-A.1.2

      This Module provides support for certain other parts of the Rulebook, mainly:

      (a) Principles of Business;
      (b) The CBB Reporting Requirements;
      (c) Audit Firms;
      (d) High-level Controls; and
      (e) Capital Adequacy.
      October 07

    • Legal Basis

      • CM-A.1.3

        This Module contains the Central Bank of Bahrain's (CBB's) Directive (as amended from time to time) relating to the credit risk management of conventional bank licensees, and is issued under the powers available to the CBB under Article 38 of the CBB Law. The Directive in this Module is applicable to all conventional bank licensees.

        Amended: January 2011
        October 2007

      • CM-A.1.4

        For an explanation of the CBB's rule-making powers and different regulatory instruments, see Section UG-1.1.

        October 07