Regulatory Alerts2022-03-29 | CBE3.2CBE Regulation Book 3.2 - Banks Of Systemic Importance Locally
The Central Bank of Egypt is committed to developing the banking sector to enhance its safety, stability, and contribution to Egypt's sustainable economic growth. To keep up with the latest international practices in banking supervision, the Central Bank has adopted the Basel Committee on Banking Supervision's approach to identifying banks that are systemically important globally (G-SIBs) and locally (D-SIBs). This framework includes additional loss absorbency requirements for these banks to reduce the likelihood and impact of their failure or distress. The Central Bank has prepared a study to identify D-SIBs and, based on this, has decided that the Central Bank of Egypt will identify D-SIBs according to the attached methodology.
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