Regulatory Alerts2019-04-08
Added · Updated
Circular dated April 7, 2019 regarding concentration risk management
The Central Bank of Egypt mandates that all banks operating in Egypt apply supervisory instructions for managing concentration risk under Pillar 2 of the Basel framework, with implementation required by the end of March 2019. Banks must calculate the Individual Concentration Index (ICI) for their corporate and retail portfolios to determine additional capital requirements, while also conducting stress tests and maintaining qualitative governance frameworks for market, liquidity, and operational concentration risks. Supervisory reporting of these metrics is due within 20 days following the end of each quarter.
More like this from CBE
CBE published 2 documents in the last 30 days. We email you each new one the day it's published.