2017-06-07

Circular dated May 7, 2017 regarding locally systemically important banks

The document outlines the Egyptian Central Bank's decision to identify and regulate banks that are systemically important at the local level. This decision is in line with international practices and aims to mitigate potential risks and enhance the stability of the financial system. The Central Bank will use specific criteria to identify these banks and impose additional capital requirements to reduce the likelihood and impact of their failure.

Egypt

Central Bank of Egypt

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