2020-10-27

A circular dated October 25, 2020 confirming the obligation of banks to inform their boards of directors of all instructions, controls and correspondence issued by the Central Bank.

The letter is addressed to a bank's board of directors and discusses the importance of transparency and compliance with central bank regulations. It highlights the necessity for the board members to be informed on time about any important issues that may arise, ensuring they can effectively perform their duties and maintain open dialogue with the regulatory authority. This promotes financial stability within the institution and is expected to continue being followed and reviewed by the central bank. The writer requests complete adherence to these guidelines and appreciates the respect and cooperation of all parties involved.

Egypt

Central Bank of Egypt

Show thumbnail