Regulatory Alerts2022-06-07
Central Bank of Libya Periodic Letter No. 4/2013
Issued by the Central Bank of Libya’s Director of Banking and Currency Supervision, this periodic letter directs commercial banks and their temporary administrative committees to actively address the Application Service Provider center’s November 2012 closing operation reports. The directive mandates that banks promptly respond to identified daily and monthly processing stoppages, document implemented solutions, ensure the designated EODSUPPORTER personnel remain present during closing execution, and forward all corrective measures to the center. Failure to comply with these documentation and response requirements will be closely monitored to ensure operational continuity within the National Payments System.
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