Central Bank: Increase in external debt and renewal of deposits of Arab countries

Gamal Najem, deputy governor of the Central Bank of Egypt, said Saturday that the Egyptian government was working to increase Egypt's external debts in the near term. Less than a year – long term.

The Deputy Governor of the Central Bank of Egypt, on the sidelines of his participation in the conference of the Union of Arab Banks under the title "The way to Basel 4", is held in Alexandria. Negotiations are under way to renew the deposits of some Arab countries in Egypt, noting that Egypt is committed to repaying its external debts in the long term.

On Saturday, the Union of Arab Banks, in collaboration with the Central Bank of Egypt and the Union of Banks of Egypt, organized an Arab Banking Forum for Risk Management Managers in Arab banks under the title "The Road to Basel 4" from March 30 to April 1, 2019, More than 250 risk managers in Arab banks.

The forum, under the patronage of Tariq Amer, Governor of the Central Bank of Egypt, is a platform to follow the expectations and directions of many international organizations and relevant supervisory authorities,BCBS), In particular following the publication by the Committee in December 2017 of the outcome document, which contains a series of reform changes to standard approaches to measuring and managing credit risk and operational risk, which is the final revision of the Basel Convention. Basel III, Which opens the way to what should be called Basel IV.

These revisions and adjustments are in line with a price correction adopted in the standard approaches to management and measurement of credit and operating risks and the reasons for these changes, as well as the timing of the changes. a reduction in the gap between normative and internal approaches. In addition, the Basel Committee finalized the final changes to market risk calculation methods in January 2019. These changes are expected to come into effect on January 1, 2022.

In order to comply with the new Basel Committee on Risk Measurement and Management and its impact on our Arab banks, the Union of Arab Banks will organize this forum to highlight these amendments, policies and procedures for measurement and monitoring. risk, to identify the basic banking requirements for the treatment and relevance of information and capital systems, human resources and skills. In order to bring risk management to levels consistent with recognized international standards and practices, both practical and theoretical, and to sensitize the banking and financial sector and businesses in the Arab world on the importance of adopting and to apply the latest techniques and methods of risk management known at the international level.

Conference of the Union of Arab Banks Basel 4 in Alexandria

Conference of the Union of Arab Banks Basel 4 in Alexandria

Conference of the Union of Arab Banks Basel 4 in Alexandria

Conference of the Union of Arab Banks Basel 4 in Alexandria

Conference of the Union of Arab Banks Basel 4 in Alexandria

Conference of the Union of Arab Banks Basel 4 in Alexandria

Conference of the Union of Arab Banks Basel 4 in Alexandria