{"id":633152,"date":"2018-02-28T04:23:36","date_gmt":"2018-02-28T04:23:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/egypts-banking-laws-need-to-be-completely-revamped-says-amer\/"},"modified":"2018-02-28T04:23:36","modified_gmt":"2018-02-28T04:23:36","slug":"egypts-banking-laws-need-to-be-completely-revamped-says-amer","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/28\/egypts-banking-laws-need-to-be-completely-revamped-says-amer\/","title":{"rendered":"Egypt\u2019s banking laws need to be \u201ccompletely revamped,\u201d says Amer"},"content":{"rendered":"

<\/a> Egypt\u2019s banking laws need to be \u201ccompletely revamped,\u201d says Amer:<\/strong> What is the most pressing concern for the central bank these days? A \u201ccomplete revamp\u201d of its banking laws to introduce \u201csharp and crisp\u201d governance for the sector, CBE Governor Tarek Amer told Bloomberg on Tuesday<\/a>. \u201cWe don\u2019t want people to feel relaxed in the banking system. Our objective in regulation isn\u2019t just to defend financial stability<\/strong>,\u201d he said. Amer is of course referencing the Central Bank and Banking Act, amendments to which the CBE has been cooking for about a year now. \u201cThe objective is to be able to achieve financial stability by bringing financial intermediation to the market in a real way.\u201d Authorities will first have to win broad support in parliament and society for the overhaul, he said. Amer\u2019s Bloomberg interview is part of a package of coverage of regional central bank governors that the business information service has put together. You can check out the full thing here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s banking laws need to be \u201ccompletely revamped,\u201d says Amer: What is the most pressing concern for the central bank these days? A \u201ccomplete revamp\u201d of its banking laws to introduce \u201csharp and crisp\u201d governance for the sector, CBE Governor Tarek Amer told Bloomberg on Tuesday. \u201cWe don\u2019t want people to feel relaxed in the […]<\/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-633152","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a0da8571-ac89-45cd-a766-61760c7aad21","order":"0","is_powered_by":true,"section_story_id":"4b0a757f-60d7-40dc-8e33-5c7659837d39","story_type":"1","photo_url":"","photo_position":"above","related_issue":[633142],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s banking laws need to be \u201ccompletely revamped,\u201d says 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\/02\/28\/egypts-banking-laws-need-to-be-completely-revamped-says-amer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s banking laws need to be \u201ccompletely revamped,\u201d says Amer\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s banking laws need to be \u201ccompletely revamped,\u201d says Amer: What is the most pressing concern for the central bank these days? 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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":641124,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/cbe-to-complete-amendments-of-the-central-bank-and-banking-acts-in-a-month\/","url_meta":{"origin":633152,"position":1},"title":"CBE to complete amendments of the Central Bank and Banking Acts in a month","author":"enterpriseam admin","date":"13 September 2017","format":false,"excerpt":"The CBE will be ready to send the amended Central Bank and Banking Act to the \u201crelevant authorities for approval\u201d in a month after its board finishes discussions on the legislation, Governor Tarek Amer said yesterday. \u201cThe amendments rest on the principles of good governance and aim to give 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":647770,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/18\/tarek-amer-wants-banks-to-open-branches-in-the-new-administrative-capital\/","url_meta":{"origin":633152,"position":2},"title":"Tarek Amer wants banks to open branches in the new administrative capital","author":"enterpriseam admin","date":"18 May 2017","format":false,"excerpt":"The Central Bank is close to finalizing amendments to Egypt\u2019s banking laws, CBE Governor Tarek Amer told senior banking and industry executives on Wednesday, according to Ahram Gate, without specifying details. Amer also urged the executives to begin making plans to open branches in the new administrative capital, where President\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605068,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/20\/egypts-central-bank-boss-confirms-intention-to-resume-bank-licensing\/","url_meta":{"origin":633152,"position":3},"title":"Egypt\u2019s central bank boss confirms intention to resume bank licensing","author":"enterpriseam admin","date":"20 December 2018","format":false,"excerpt":"Amer confirms new bank licenses could be issued: Central Bank of Egypt Governor Tarek Amer has confirmed to Al Mal that the CBE could potentially resume issuing licenses to international banks looking to enter Egypt. Amer made no further comment, but another report suggests that a European bank and two\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":594091,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/central-bank-of-egypts-amer-promotes-reform-journey-in-iif-speech\/","url_meta":{"origin":633152,"position":4},"title":"Central Bank of Egypt\u2019s Amer promotes reform journey in IIF speech","author":"enterpriseam admin","date":"20 October 2019","format":false,"excerpt":"Egypt\u2019s banking sector has a lot of upside potential \u2014 and the way forward is to continue enacting structural reforms,Central Bank of Egypt (CBE) Governor Tarek Amer said during a keynote speech at the Institute of International Finance (IIF) annual meeting in Washington (watch, runtime: 23:35). Amer noted that 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\/2020\/3\/345.jpg?fit=%2C&ssl=1&resize=350%2C200","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":633152,"position":5},"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. 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