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  • OM-A.1 OM-A.1 Purpose

    • Executive Summary

      • OM-A.1.1

        The Operational Risk Management Module sets out the Central Bank of Bahrain's ('CBB's') rules and guidance to Conventional Bank licensees operating in Bahrain on establishing parameters and control procedures to monitor and mitigate operational risks. The contents of this Module apply to all Conventional banks, except where noted in individual Chapters.

        Added: January 2020

      • OM-A.1.2

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

        (a) Principles of Business;
        (b) High-level Controls;
        (c) Reputational Risk;
        (d) Internal Capital Adequacy Assessment Process ('ICAAP'); and
        (e) Stress Testing.
        Added: January 2020

    • Legal Basis

      • OM-A.1.3

        This Module contains the CBB's Directive, as amended from time to time, relating to Operational Risk Management and is issued under the powers available to the CBB under Article 38 of the Central Bank of Bahrain and Financial Institutions Law 2006 ('CBB Law'). The Directive in this Module is applicable to all Conventional bank licensees (including their approved persons).

        Added: January 2020

      • OM-A.1.4

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

        Added: January 2020