Regulatory Alerts2016-07-21
Added · Updated
Instructions for managing liquidity risks in accordance with Basel III decisions
The Central Bank of Egypt mandates that all banks operating in Egypt comply with new liquidity risk management instructions based on Basel III, specifically the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR), effective from the end of July 2016. Banks must maintain an LCR of 70% in 2016, 80% in 2017, 90% in 2018, and 100% in 2019, while the NSFR must be maintained at a minimum of 100% immediately. Compliance is required on both an individual and consolidated basis, with specific quantitative requirements for High-Quality Liquid Assets (HQLA) and net cash outflows defined in the attached regulations.
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