Regulatory Alerts2022-03-29 | CBE3.2Added · Updated
CBE Regulation Book 3.2 - Banks Of Systemic Importance Locally
The Central Bank of Egypt establishes a methodology to identify locally systemically important banks and imposes additional loss absorbency capital requirements ranging from 0.25% to 5% based on total exposure buckets. The identification process utilizes four weighted indicators: bank size (40%), interconnection with other banks (25%), lack of substitutability (20%), and complexity of activities (15%). These requirements apply to banks operating in Egypt starting January 1, 2019, with the methodology subject to review every three years.
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