In continuation of Egypt’s efforts to support and assist African countries across various fields, particularly within the economic and banking sectors, the Central Bank of Egypt (CBE) organized a virtual seminar on “Effective Supervision: Building Supervisory Frameworks and Risk Management”. The seminar was held over 2 days, with the participation of 110 members from African Central Banks.
The seminar focused on providing a comprehensive overview of the essential principles and practices necessary to ensure stability and maintain confidence in the banking system. This scope stemmed from the CBE’s chairmanship of the “Basel Implementation Working Group” at the Community of African Banking Supervisors (CABS), affiliated to the Association of African Central Banks (AACB).
The seminar explored key aspects of regulatory frameworks, including; effective supervision mechanisms, Early Warning Signals (EWS), addressing CBE’s off-site supervision framework, in addition to examining the critical components of licensing requirements, the governance frameworks, Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), and highlighting the role of the Central Credit Registry in enhancing credit risk assessment.
This seminar is part of an ongoing series of seminars hosted by the CBE over the past three years to strengthen cooperation with African member states of the AACB. Previous seminars encompassed “Pillar II and III of Basel Accord on Banking Supervision” in 2021, “Basel III – Post-Crisis Reforms” in 2022, and “Climate related financial risks and sustainable finance” in 2023. These seminars played a vital role in fostering the exchange of banking expertise among calibers working in the field of banking supervision in African central banks.