• Legal Basis

    • ST-A.1.3

      This Module contains the CBB's Directive (as amended from time to time) relating to Stress Testing 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 Islamic bank licensees (including their approved persons).

      July 2018

    • ST-A.1.4

      The requirements for stress-testing covered in this Module for the purpose of capital adequacy, ICAAP, recovery planning and reverse stress testing apply to Bahraini Islamic bank licensees only.

      Amended: October 2019
      July 2018

    • ST-A.1.4A

      Branches of foreign bank licensees must apply the requirements included in this Module for risks that are material and to the extent appropriate. If branches of foreign bank licensees do not have established policies, procedures, processes and systems at a branch level, they must satisfy the CBB that there are equivalent arrangements at their head office or regional office.

      Added: October 2019

    • ST-A.1.5

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

      July 2018