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Central bank issues bank regulation instructions
AHMED YAQOUB NOURHAN MAGDI Published in Youm7 on 24 - 08 - 2011

The Central Bank of Egypt (CBE) issued a statement instructing private banks on their obligations concerning banking regulation.
Each bank must implement ensure that banks are able to absorb their risk level by beginning of March 2012. Each bank also must disclose the value of the salaries of the 20 highest-earning employees.
The Central Bank's oversight sector will provide banks with examples, and banks will have to fulfill their requirements biannually.
If banks are unable to implement any of the instructions, the case has to be presented to the CBE along with “strong justification,” according to the instructions.

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