Central Bank of Egypt readies new supervisory framework

egyptian money

The Central Bank of Egypt (CBE) is set to introduce new regulations, guidelines and reporting systems that will enable Egypt's banks to meet core components of the Basel II capital adequacy framework.

The move comes as a three-year banking supervision programme financed by the European Union draws to a close. The European Neighbourhood Policy Instrument programme involved the transfer of technical expertise in the area of bank regulation to CBE from the European Central Bank (ECB) as well as

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