Regulatory Alerts2024-09-24
A circular dated September 19, 2024 regarding updated governance and internal control instructions for banks
The letter is from the Central Bank of Egypt to the Chairman of the Board of Directors of a bank regarding the regulatory instructions for "Bank Governance" and "Internal Control of Banks." It emphasizes the importance of governance and internal control systems in maintaining the stability and integrity of the banking sector. The letter also highlights the role of the board of directors and senior management in ensuring compliance with regulatory requirements and promoting a culture of transparency and accountability.