According to a CBE press release, the seminar aims to improve awareness in bank supervision and oversight. It was attended by 23 Central Banks and members of the Association of African Central Banks (AACB).
The seminar covered several topics relevant to bank supervision and the development of risk management strategies across central banks. These include Pillar II and III frameworks of the Basel Accord, as well as the implementation of supervisory regulations on Emergency Liquidity Assistance (ELA). According to the CBE, the seminar aims to address challenges within Africa, exchange knowledge and expertise between central banks, and enhance work efficiency.
Furthermore, the seminar included discussions of recovery plans, sanctions, and governance. It also addressed the specific regulations related to cybersecurity and FinTech.
“This series of seminars organized and hosted by the CBE, as part of its chairmanship of the Working Group on the implementation of the Basel Accords, represents a role model for integration among banking institutions that we aspire to support and expand at the regional and continental levels,” Deputy Governor of the CBE Tarek El Kholy said.
This is the CBE’s first in-person as chairman of the Basel Implementation Working Group at the Community of African Banking Supervisors (CABS) since 2021.
The CBE hosted several virtual meetings by the Working Group in the past four years. The meetings included discussions of topics such as "Pillar II and III of the Basel Accord on Banking Supervision" (2021), “Basel III – Post-Crisis Reforms” (2022), “Climate-Related Financial Risks and Sustainable Finance” (2023), and “Effective Supervision: Building Supervisory Frameworks and Risk Management” (2024).
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