Versions

 

RR-3.3.3

Bahraini Conventional bank licensees must annually report the results of their self-assessment of step-in risk to the CBB on 30th September of each year. The report must contain the following information:

(a) Per groups of similar entities, the number and types of entity that were initially identified;
(b) The entities must be grouped under three categories: entities deemed immaterial (for which no step-in risk assessment process conducted); entities which are material, but for which step-in risk is insignificant; and entities which are material and for which step-in risk is significant; and
(c) The nature of the step-in risk and the action taken by the bank to limit, mitigate or recognise this risk, must be reported for entities which are material and for which step-in risk is significant.
July 2018