Regulatory Alerts2022-03-28 | CBE3.5Added · Updated
CBE Regulation Book 3.5 - ICAAP Requirements of Pillar Two of Basel Decisions
The Central Bank of Egypt mandates that banks implement an Internal Capital Adequacy Assessment Process (ICAAP) to evaluate capital sufficiency against all material risks, including those not fully covered under Pillar One. Banks must submit this assessment annually within 90 days of the fiscal year-end, or within 90 days of significant changes affecting capital adequacy. The regulation requires specific governance structures, risk management frameworks, stress testing, and comprehensive reporting covering strategic outlooks, risk appetite, and capital planning for a 3-5 year horizon.
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