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 and economic and market sectors, in a policy statement which must be formally adopted by the Board of Directors and then submitted to the CBB. The policy statement must be part of the risk management policy of the bank. Furthermore, banks must not implement significant changes to these policies without prior discussion with the CBB.