CM-5.6.8
Past version: Effective from 01 Jan 2011 to 31 Dec 2014
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Under the terms of this module (see Paragraph CM-5.6.2(f)), such indirect
(a) Such exposures have been pre-notified to the CBB for the CBB's approval and are entered into within the terms of a policy agreed by the parent bank;
(b) There are guarantees in place from the parent bank to protect the subsidiary should the exposure become impaired or require to be written off; and
(c) In the case of banks, which are the Bahrain subsidiaries of overseas banks, the supervisory authority of the parent bank has approved the exposures that can be undertaken by the Bahrain subsidiary.
Amended: January 2011
October 2007
October 2007