Regulatory Alerts2024-07-02
Added · Updated
Circular dated July 2, 2024 regarding the periodicity of reviewing internal policies in banks
The Central Bank of Egypt mandates that banks must review their internal policies at least every three years and update them as necessary. This review and any resulting updates must be approved by the board of directors. Additionally, banks are required to update their work procedures to reflect any amendments made to the relevant policies.
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