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  • CM-2.8 CM-2.8 Policy Statements

    • CM-2.8.1

      The CBB requires each Bahraini Islamic bank licensee to set out its policy and internal limits on large exposures, including limits for differing types of exposures, to individual customers, banks, corporates, countries, regions, products, asset classes, collateral, currencies, markets, commodities, connected counterparties and economic sectors, in a policy statement which must be formally approved by the Board of Directors. Furthermore, licensees must not implement significant changes to this policy without the prior approval of the Board.

      Amended: October 2022
      Added: June 2022

    • CM-2.8.2

      The necessary control systems to give effect to the licensee’s policy on large exposures must be clearly specified and monitored by its Board.

      Added: June 2022

    • CM-2.8.3

      Bahraini Islamic bank licensees are required to implement appropriate internal systems and controls to monitor the size of their total consolidated capital on a daily basis to ensure that the limits detailed in this Module are not exceeded.

      Added: June 2022