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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 for financing company licensees operating in Bahrain on establishing parameters and control procedures to monitor and mitigate operational risks.

        January 2014

      • OM-A.1.2

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

        (a) Principles of Business; and
        (b) High-level Controls.
        January 2014

    • 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 financing company licensees (including their approved persons).

        January 2014

      • OM-A.1.4

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

        January 2014