The Central Bank of Egypt (CBE) published a circular with instructions on emergency liquidity assistance to banks that are unable to meet their liquidity requirements. In the light of COVID-19 pandemic, CBE also decided to extend the relief measure on exemptions from commissions and expenses related to certain bank services, until June 30, 2022. Furthermore, CBE published temporary measures for small and medium enterprises (SMEs) on the treatment of non-performing loans (NPLs) under IFRS 9 regulation and a circular on the framework for writing-off NPLs.
Related Links (in Arabic)
- Circular on Emergency Liquidity Assistance (PDF)
- Circular on Extending Exemptions from Commissions (PDF)
- Circular on Temporary Measures for SMEs (PDF)
- Circular on Framework for Writing-Off NPLs (PDF)
Keywords: Middle East and Africa, Banking, NPLs, COVID-19, Liquidity Risk, Emergency Liquidity Assistance, SMEs, IFRS 9, Credit Risk, CBE
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Previous ArticleEBA Issues Guide on Bank Resolvability, Consults on Transferability
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
The European Insurance and Occupational Pensions Authority (EIOPA) published a report assessing insurers' exposure to physical climate change risks
The European Commission (EC) published the results of a public consultation, held in October 2021, on the review of the Web Accessibility Directive.
The Network for Greening the Financial System (NGFS) published two reports to aid central banks and regulators in their oversight of the financial sector and in their central bank operations
The Monetary Authority of Singapore (MAS) and the SC-STS are jointly consulting, until June 10, 2022, on setting adjustment spreads for the conversion of legacy SOR contracts to SORA reference rate.
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.