Regulatory Alerts2018-01-01
Decision of the Board of Directors of the General Authority for Financial Supervision No. (191) of 2018 (Updated Version in 2022)
The Financial Regulatory Authority (FRA) issued Decision No. 191 of 2018 to mandate comprehensive financial solvency standards for licensed financial leasing companies in Egypt. The regulation establishes a minimum capital adequacy ratio of 10% (phasing to 12%), defines risk-weighted asset calculations, operational risk coverage, and strict caps on single and sector concentration exposures. It further enforces liquidity thresholds, detailed impairment provisioning for doubtful debts, asset-liability maturity matching, and rigorous periodic reporting and disclosure requirements to ensure institutional financial stability.
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