{"id":641938,"date":"2017-08-02T04:07:11","date_gmt":"2017-08-02T04:07:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/banks-to-discuss-remaining-objections-on-cbe-and-banking-acts-in-mid-august-meeting\/"},"modified":"2017-08-02T04:07:11","modified_gmt":"2017-08-02T04:07:11","slug":"banks-to-discuss-remaining-objections-on-cbe-and-banking-acts-in-mid-august-meeting","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/banks-to-discuss-remaining-objections-on-cbe-and-banking-acts-in-mid-august-meeting\/","title":{"rendered":"Banks to discuss remaining objections on CBE and Banking Acts in mid-August meeting"},"content":{"rendered":"

<\/a> Bankers, CBE to meet in two weeks to continue talks on central bank and <\/strong>banking acts: <\/strong>The Federation of Egyptian Banks (FEB) will be meeting with central bank officials in two weeks\u2019 time to continue discussions of industry concerns regarding proposed amendments to the CBE and banking acts, unnamed bankers tell Al Borsa<\/a>. Banks will each prepare a separate memo with their specific objections to present during the meeting<\/strong>, they add, explaining that the CBE is being responsive to their demands, but could still be \u201ca little more flexible.\u201d On Sunday<\/a>, news from a meeting between the CBE and FEB suggested that the parties were heading towards a compromise<\/strong> on some contentious clauses in both acts, such as the central bank\u2019s power to appoint members of a bank\u2019s board of directors. Among the remaining thorny issues: term limits for bank MDs, the notion that the appointment of the CBE governor should not be subject to confirmation by the House of Representatives, and a mandatory \u201ccontribution\u201d of 5% of each bank\u2019s net profits to an industry development fund<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bankers, CBE to meet in two weeks to continue talks on central bank and banking acts: The Federation of Egyptian Banks (FEB) will be meeting with central bank officials in two weeks\u2019 time to continue discussions of industry concerns regarding proposed amendments to the CBE and banking acts, unnamed bankers tell Al Borsa. Banks will […]<\/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-641938","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"34d731c9-94e6-4cd6-b6b6-a319c8aa1f1d","order":"0","is_powered_by":true,"section_story_id":"8c806e57-862c-401b-bbcc-e852b208c4eb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[641931],"teaser":"","voice_url":""},"yoast_head":"\nBanks to discuss remaining objections on CBE and Banking Acts in mid-August meeting - 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\/2017\/08\/02\/banks-to-discuss-remaining-objections-on-cbe-and-banking-acts-in-mid-august-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banks to discuss remaining objections on CBE and Banking Acts in mid-August meeting\" \/>\n<meta property=\"og:description\" content=\"Bankers, CBE to meet in two weeks to continue talks on central bank and banking acts: The Federation of Egyptian Banks (FEB) will be meeting with central bank officials in two weeks\u2019 time to continue discussions of industry concerns regarding proposed amendments to the CBE and banking acts, unnamed bankers tell Al Borsa. 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Talks between the central bank and the Federation of Egyptian Banks (FEB) on Sunday over controversial amendments to the CBE and Banking acts appear to be heading towards a compromise on some articles, sources tell Al Borsa. 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