{"id":628522,"date":"2018-05-07T04:08:44","date_gmt":"2018-05-07T04:08:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/cbe-looks-to-expand-oversight-of-bank-management-boards\/"},"modified":"2018-05-07T04:08:44","modified_gmt":"2018-05-07T04:08:44","slug":"cbe-looks-to-expand-oversight-of-bank-management-boards","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/cbe-looks-to-expand-oversight-of-bank-management-boards\/","title":{"rendered":"CBE looks to expand oversight of bank management, boards"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- Banking Act will expand the CBE\u2019s oversight of bank management, boards: <\/strong>The Banking Act will grant the central bank greater oversight of the banking sector and boards,CBE Governor Tarek Amer announced yesterday, according to Al Mal<\/a>. The law will establishes new procedures that expand the CBE\u2019s oversight of bank management, said Amer, without offering specifics. The governor remained tight-lipped on the details of the proposed law, but had said last week<\/a> that the amended legislation would not set term limits for bank managing directors \u2014 a key issue that had stirred up controversy last year when an early draft showed that the CBE would be given wider powers to set term limits. He also noted that the law seeks to strengthen governance regulations for the sector.<\/p>\n

The new law would also strengthen governance and independent oversight of the central bank\u2019s own board <\/strong>as part of efforts to ensure transparency, said Amer. He noted that the law, which was reviewed by the CBE\u2019s board recently, has the support of international finance institutions such as the IMF and World Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- Banking Act will expand the CBE\u2019s oversight of bank management, boards: The Banking Act will grant the central bank greater oversight of the banking sector and boards,CBE Governor Tarek Amer announced yesterday, according to Al Mal. The law will establishes new procedures that expand the CBE\u2019s oversight of bank management, said Amer, without […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628522","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"66592986-8f5e-4144-8be2-ebe1715900a9","order":"0","is_powered_by":true,"section_story_id":"19f6b284-e049-40be-a116-185dba116af8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628507],"teaser":"","voice_url":""},"yoast_head":"\nCBE looks to expand oversight of bank management, boards - 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\/2018\/05\/07\/cbe-looks-to-expand-oversight-of-bank-management-boards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE looks to expand oversight of bank management, boards\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Banking Act will expand the CBE\u2019s oversight of bank management, boards: The Banking Act will grant the central bank greater oversight of the banking sector and boards,CBE Governor Tarek Amer announced yesterday, according to Al Mal. The law will establishes new procedures that expand the CBE\u2019s oversight of bank management, said Amer, without […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/cbe-looks-to-expand-oversight-of-bank-management-boards\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-07T04:08:44+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/cbe-looks-to-expand-oversight-of-bank-management-boards\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/cbe-looks-to-expand-oversight-of-bank-management-boards\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE looks to expand oversight of bank management, boards\",\"datePublished\":\"2018-05-07T04:08:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/cbe-looks-to-expand-oversight-of-bank-management-boards\/\"},\"wordCount\":193,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/cbe-looks-to-expand-oversight-of-bank-management-boards\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/07\/cbe-looks-to-expand-oversight-of-bank-management-boards\/\",\"name\":\"CBE looks to expand oversight of bank management, boards - 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The law would reduce the power of the CBE governor by\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638846,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/16\/el-sisi-supports-amendments-to-cbe-act\/","url_meta":{"origin":628522,"position":1},"title":"El Sisi supports amendments to CBE Act","author":"enterpriseam admin","date":"16 October 2017","format":false,"excerpt":"President Abdel Fattah El Sisi apparently supports amendments to the Central Bank and Banking Acts, CBE Governor Tarek Amer told Al Shorouk in an interview on the sidelines of the IMF and World Bank Fall Meetings. Amer said the act would enhance the CBE\u2019s role as a regulator of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632342,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/08\/amendments-to-banking-act-will-strengthen-the-central-banks-consumer-protection-role\/","url_meta":{"origin":628522,"position":2},"title":"Amendments to Banking Act will strengthen the central bank\u2019s consumer protection role","author":"enterpriseam admin","date":"8 February 2018","format":false,"excerpt":"Amendments to Banking Act to make central bank the primary consumer protection agency for the banking industry: Amendments to the Banking Act, which are still being drafted by the central bank, will, in effect, make the CBE the primary consumer protection agency for the banking industry, Al Mal reports. Under\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630703,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/banking-act-will-not-set-term-limits-for-managing-directors-amer\/","url_meta":{"origin":628522,"position":3},"title":"Banking Act will not set term limits for managing directors -Amer","author":"enterpriseam admin","date":"30 April 2018","format":false,"excerpt":"LEGISLATION WATCH- The amended Banking Act will not set term limits for bank managing directors, CBE Governor Tarek Amer reportedly said yesterday. \u201cWe will keep an eye on things in a different way,\u201d he told Al Shorouk, without elaborating. The pending law \u2014 the latest draft of which the central\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621701,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/15\/is-the-central-bank-of-egypt-done-revising-the-banking-act\/","url_meta":{"origin":628522,"position":4},"title":"Is the Central Bank of Egypt done revising the Banking Act?","author":"enterpriseam admin","date":"15 November 2018","format":false,"excerpt":"LEGISLATION WATCH- Is the CBE done preparing its revised banking act? CBE Governor Tarek Amer discussed with President Abdel Fattah El Sisi yesterday the long-planned overhaul of the Central bank and Banking Act, Ittihadiya said. 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