Regulatory Alerts2024-10-01
A circular dated October 1, 2024 regarding persons who are seconded by some entities to work in banks
In a letter dated October 1, 2024, and addressed to the Chairman of the Board of Directors of a bank in Cairo, the writer emphasizes the Central Bank's focus on the quality and efficiency of banking personnel. To ensure the safety and stability of the banking sector, the letter requests that the bank submit the names and details of any individuals seconded from external organizations to the Central Bank for prior approval before issuing an assignment decision. The writer respectfully requests adherence to this process.