HC-B.1.2

Past version: Effective from 01 Apr 2023 to 31 Dec 2023
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The implementation of the rules in this Module should be commensurate with the size, complexity, structure, economic significance, risk profile and business model of the licensee and the group to which it belongs, if any. DSIBs are expected to have in place the corporate governance structure and practices commensurate with their role and potential impact on national financial stability. In cases of certain licensees (e.g. branches of foreign banks, smaller and limited scope Bahraini banks, Bahraini government owned banks, digital banks and any Bahraini bank wholly owned by another Bahraini bank) where CBB assesses that certain specific rules in this Module are less relevant or too cumbersome to apply, it will be willing to consider alternative governance arrangement.

Added: April 2023