Regulatory Alerts2024-03-31 | CBE3.5.2Added · Updated
CBE Regulation Book 3.5.2
The Central Bank of Egypt mandates that all banks, including foreign branches, implement comprehensive stress testing programs covering credit, market, liquidity, operational, concentration, and interest rate risks to evaluate resilience against adverse shocks. Banks must submit an annual Internal Capital Adequacy Assessment Report detailing these programs to the CBE within 90 days of the fiscal year-end, starting from the 2024 fiscal year. The regulation establishes strict governance requirements, assigning oversight responsibilities to the Board of Directors and execution duties to senior management, while requiring the use of both historical and hypothetical scenarios to assess capital and liquidity adequacy.
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