{"id":630703,"date":"2018-04-30T04:15:34","date_gmt":"2018-04-30T04:15:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/banking-act-will-not-set-term-limits-for-managing-directors-amer\/"},"modified":"2018-04-30T04:15:34","modified_gmt":"2018-04-30T04:15:34","slug":"banking-act-will-not-set-term-limits-for-managing-directors-amer","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/banking-act-will-not-set-term-limits-for-managing-directors-amer\/","title":{"rendered":"Banking Act will not set term limits for managing directors -Amer"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- The amended Banking Act will not set term limits for bank managing directors,<\/strong> CBE Governor Tarek Amer reportedly said yesterday. \u201cWe will keep an eye on things in a different way,\u201d he told Al Shorouk<\/a>, without elaborating. The pending law \u2014 the latest draft of which the central bank\u2019s board is expected to review today,<\/strong> according to Amer<\/a> \u2014 had stirred up controversy last year when an early draft appeared to show that the CBE would be given wider powers to set term limits and impose a 5% tithe on the profits of each bank. Everything in the law, which aims to set a better corporate governance framework for the banking system, has been kept under tight wraps apart from statements from Amer calling for an overhaul to banking sector regulations<\/a>. He reportedly repeated those calls on Sunday when he spoke at the conference of the Union of Arab Banks You can see past coverage here<\/a> and here<\/a> and here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 bank\u2019s board is expected to […]<\/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-630703","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2c2d6b12-1071-437b-b9a5-8afd8447c926","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[630697],"teaser":"","voice_url":""},"yoast_head":"\nBanking Act will not set term limits for managing directors -Amer - 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\/04\/30\/banking-act-will-not-set-term-limits-for-managing-directors-amer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banking Act will not set term limits for managing directors -Amer\" \/>\n<meta property=\"og:description\" content=\"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 bank\u2019s board is expected to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/banking-act-will-not-set-term-limits-for-managing-directors-amer\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-30T04:15:34+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\/04\/30\/banking-act-will-not-set-term-limits-for-managing-directors-amer\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/banking-act-will-not-set-term-limits-for-managing-directors-amer\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Banking Act will not set term limits for managing directors -Amer\",\"datePublished\":\"2018-04-30T04:15:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/banking-act-will-not-set-term-limits-for-managing-directors-amer\/\"},\"wordCount\":171,\"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\/04\/30\/banking-act-will-not-set-term-limits-for-managing-directors-amer\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/30\/banking-act-will-not-set-term-limits-for-managing-directors-amer\/\",\"name\":\"Banking Act will not set term limits for managing directors -Amer - 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No further details were provided on the changes, but sources told the local press last month that a revised version of the bill would\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":599890,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/14\/central-bank-of-egypt-finalizes-draft-banking-act-sends-to-cabinet-for-review\/","url_meta":{"origin":630703,"position":1},"title":"Central Bank of Egypt finalizes draft Banking Act, sends to Cabinet for review","author":"enterpriseam admin","date":"14 January 2019","format":false,"excerpt":"LEGISLATION WATCH- The central bank has finished drafting its new Banking Act and has sent it to the Madbouly Cabinet for review, Youm7 quotes CBE Deputy Governor Lobna Helal as having said yesterday at CI Capital\u2019s MENA Investors Conference. 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