Central Bank: Issuing many regulatory instructions that serve the goal of risk management
Dr. Essam Omar, the assistant undersecretary of the Governor of the Central Bank of Egypt, said that the Central Bank has issued many regulatory instructions that serve the goal of risk management and the availability of operational flexibility in banks and assisting banks in mitigating them. Arab banks of 2025 in its sixth session, which started today in Sharm El -Sheikh and the regulations of the Arab Banking Union – that these instructions are, but not limited to issuing instructions for managing operating risks and calculating the requirements of the capital corresponding to the operating risks according to the standard method, and the instructions also stressed the need for banks to retain business continuity plans and to talk and update them in a way Continue.
& nbsp; A comprehensive reference scale that can be referred to to verify the level of readiness and technologies of cybersecurity for all institutions subject to the supervision of the Central Bank of Egypt, which contributed to enhancing cybersecurity in the financial sector in general, in addition to conducting the necessary updates for the unified system allocated to review the requests of banks and financial institutions in line with the latest developments in the cybersecurity industry, within the framework of applications governance procedures Electronic. In line with the developments in the field of digital transformation .. The Central Bank has issued the rules of licensing digital banks and supervision and supervision to enhance the deployment of digital banking services and ensure their protection from risks.
& nbsp; Each bank separately and the banking sector as a whole through the role of supervision and supervision, as it adds to the three defense lines inside the bank, and the Central is issuing control instructions to compel banks to take the necessary corrective measures and enhance capital rules and improve risk management systems, governance and internal control.
& nbsp; Employment is necessary for both banks and regulatory bodies to ensure the stability of the banking sectors that represent the main pillar of the financial system working in any economy, especially in the economies of emerging markets. He explained that the current circumstances and the nature of the risks faced by banks require high efficiency in managing risk, promoting risk culture, adopting an integrated risk vision, and taking advantage of new technologies. 2025 compared to 12.5% a control rate from the Central Bank and 10.5% according to the requirements of the Basel Banking Committee. The end of March 2025, compared to 100% control rate, and the percentage of irregular debts to the total loans to the sector reached 2.2% at the end of March 2025, which is a very low percentage and indicates the quality of the credit portfolios in banks.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and
