CBE published a circular on operational risk management, in line with the Basel Committee standard published in December 2017. CBE notes that banks are obligated to apply the supervisory instructions, which accompany the circular, to manage operational risks using the standard method, instead of the basic indicator method, according to the Basel III reforms. Banks are being given a period of reconciliation until the end of December 2021, during which the basic indicator method for measuring capital requirements for operational risk will continue.
Related Link: Circular (PDF in Arabic)
Keywords: Middle East and Africa, Egypt, Banking, Basel, Operational Risk, Standardized Approach, Regulatory Capital, Basic Indicator Approach, CBE
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