This seminar is part of a series held by the CBE over the past three years to enhance collaboration with African countries that are members of the Association of African Central Banks (AACB).
Previous seminars have addressed essential topics, including "Pillar II and III of the Basel Accord on Banking Supervision" (2021), "Basel III – Post-Crisis Reforms" (2022), and "Climate-Related Financial Risks and Sustainable Finance" (2023).
“Basel” refers to a set of international banking regulations developed by the Basel Committee on Banking Supervision to ensure financial stability, risk management, and capital adequacy in the global banking system.
These events have fostered valuable exchange of banking expertise among professionals involved in banking supervision within African central banks.
The two-day seminar aimed to provide a comprehensive overview of the key principles and practices for ensuring stability and maintaining confidence in the banking system.
The seminar's focus was driven by the CBE's leadership of the Basel Implementation Working Group within the Community of African Banking Supervisors (CABS), which is affiliated with the AACB.
Effective supervision mechanisms, early warning signals (EWS), and the CBE's off-site supervision framework were among the topics covered.
The seminar also examined regulatory aspects, such as licensing requirements, governance structures, and measures related to anti-money laundering (AML) and combating the financing of terrorism (CFT). Additionally, the event highlighted the pivotal role of the Central Credit Registry in enhancing credit risk assessment.
In December, the Central Bank of Egypt (CBE) strengthened African economic relations by supporting financial cooperation and integration initiatives. Through its involvement in projects like the Pan-African Payment and Settlement System (PAPSS), the CBE facilitates cross-border transactions in local currencies, boosts intra-African trade, and reduces reliance on foreign currency reserves.
Short link: