Regulatory Alerts2025-05-16
Circular to Banks and Financial Institutions No. 2025-08 of May 16, 2025
The Central Bank of Tunisia issued Circular No. 2025-08 on May 16, 2025, requiring all banks and financial institutions (excluding payment institutions) to implement comprehensive prudential and regulatory reforms. The circular mandates the establishment of a strategic and operational plan, a dedicated steering committee, and a structured data governance framework to ensure accurate capital adequacy calculations, IFRS 9 compliance, and robust expected credit losses (ECL) modelling. Institutions must submit their implementation plans within three months of publication, while the administrative and audit committees oversee resource allocation and progress to guarantee data quality, regulatory reporting accuracy, and operational readiness.
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