Regulatory Alerts2024-03-28
Added · Updated
Circular dated March 28, 2024 regarding instructions regarding requirements for the stress test report for banks
The Central Bank of Egypt mandates that all banks submit an annual stress test report within 90 days of the end of the financial year, starting from the 2024 fiscal year. The document establishes comprehensive requirements for stress testing programs, including mandatory sensitivity, scenario, and reverse stress tests covering credit, market, liquidity, operational, concentration, and IRRBB risks. Banks must adopt board-approved policies, maintain robust IT infrastructure, and ensure regular review and governance of these programs to assess capital adequacy and liquidity resilience under adverse conditions.
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