{"id":559021,"date":"2021-01-05T03:40:53","date_gmt":"2021-01-05T03:40:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/05\/how-about-a-vacation-to-basel-instead\/"},"modified":"2021-01-05T03:40:53","modified_gmt":"2021-01-05T03:40:53","slug":"how-about-a-vacation-to-basel-instead","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/05\/how-about-a-vacation-to-basel-instead\/","title":{"rendered":"How about a vacation to Basel instead?"},"content":{"rendered":"<p><strong>Banks have until 1 January 2022 to comply with updated Basel III requirements \u2014 <\/strong><strong>aka Basel IV \u2014 on managing operational risks<\/strong>, according to a Central Bank of Egypt <a href=\"https:\/\/ent.news\/2021\/1\/Circular-dated-4-January-2021-regarding-Operational-risk-management-regulation.pdf\">(CBE) circular (pdf)<\/a>. The Basel Accords aim to ensure that financial institutions have enough capital on account to meet financial obligations and absorb unexpected losses. Banks in Egypt will need to send their forms to a special CBE email certifying their compliance with the Basel IV framework.<\/p>\n<p><strong>What\u2019s all about? <\/strong>It\u2019s all about standardized methods for dealing with risk at banks, including how it is assessed and how much reserve capital various banks have to have on hand as a counterweight.<\/p>\n<p><strong>Want to know more about the Basel Accords?<\/strong> Check <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05f7f7cc-94c9-42f1-b3f8-31265b8aa0c8\">our explainer<\/a> on Basel I-III and <a href=\"https:\/\/www.cbe.org.eg\/en\/BankingSupervision\/Pages\/UpdatesBaselIIII.aspx\">then head here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks have until 1 January 2022 to comply with updated Basel III requirements \u2014 aka Basel IV \u2014 on managing operational risks, according to a Central Bank of Egypt (CBE) circular (pdf). The Basel Accords aim to ensure that financial institutions have enough capital on account to meet financial obligations and absorb unexpected losses. Banks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8614],"tags":[271,72,2275,871],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559021","post","type-post","status-publish","format-standard","hentry","category-regulation-watch","tag-central-bank-of-egypt","tag-enterpriseam","tag-gamal-negm","tag-regulation-watch","wpautop","entry"],"acf":{"mongo_id":"2aa1f6c1-706a-4025-bd29-e2aa9a43d935","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[559007],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How about a vacation to Basel instead? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/05\/how-about-a-vacation-to-basel-instead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How about a vacation to Basel instead?\" \/>\n<meta property=\"og:description\" content=\"Banks have until 1 January 2022 to comply with updated Basel III requirements \u2014 aka Basel IV \u2014 on managing operational risks, according to a Central Bank of Egypt (CBE) circular (pdf). The Basel Accords aim to ensure that financial institutions have enough capital on account to meet financial obligations and absorb unexpected losses. 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With the US-China rivalry over tech and trade fuelling speculation of a coming east-west economic decoupling, comments made this week by China\u2019s richest man may well signal a new flashpoint as the Chinese dragon continues its rise: global financial regulations. Speaking ahead of what is\u2026","rel":"","context":"In &quot;Enterprise explains&quot;","block_context":{"text":"Enterprise explains","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/enterprise-explains\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/287.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565588,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/one-basel-two-basel-three-basel-four\/","url_meta":{"origin":559021,"position":1},"title":"One Basel, two Basel, three Basel, four...","author":"enterpriseam admin","date":"18 April 2021","format":false,"excerpt":"Enterprise Explains: \u201cBasel IV\u201d requirements. Earlier this year, the Central Bank of Egypt issued a circular to banks instructing them to comply with updated Basel III requirements on managing operational risks.Wait, what? There\u2019s a new Basel? Not exactly. The so-called Basel IV requirements are actually more of an addendum to\u2026","rel":"","context":"In &quot;Enterprise explains&quot;","block_context":{"text":"Enterprise explains","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/enterprise-explains\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/446.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":634416,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/15\/some-banks-looking-to-exit-investments-tweak-capital-structures-to-meet-basel-iii-requirements\/","url_meta":{"origin":559021,"position":2},"title":"Some banks looking to exit investments, tweak capital structures to meet Basel III requirements?","author":"enterpriseam admin","date":"15 January 2018","format":false,"excerpt":"A number of Egyptian banks are looking to tweak their capital structures to comply with Basel III regulations. 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