Regulatory Alerts2022-04-11 | CBE3.14Added · Updated
CBE Regulation Book 3.14 - Instructions For Recovery Plans
The Central Bank of Egypt mandates that all banks operating in Egypt prepare and submit recovery plans to ensure financial stability and crisis response capabilities. Banks must submit their first plan within 90 days after the end of the 2022 fiscal year, with systemic importance banks required to update their plans annually and others every two years. The regulations specify detailed requirements for plan content, including strategic analysis, quantitative and qualitative indicators, recovery options, stress testing scenarios, governance frameworks, and simulation exercises.
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