{"id":645396,"date":"2017-07-19T03:43:53","date_gmt":"2017-07-19T03:43:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/lamees-accuses-tarek-amer-of-attempting-a-power-grab\/"},"modified":"2017-07-19T03:43:53","modified_gmt":"2017-07-19T03:43:53","slug":"lamees-accuses-tarek-amer-of-attempting-a-power-grab","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/lamees-accuses-tarek-amer-of-attempting-a-power-grab\/","title":{"rendered":"Lamees accuses Tarek Amer of attempting a power grab"},"content":{"rendered":"

<\/a> We interrupt our talk show hiatus to bring you this late-breaking bulletin from Hona Al Assema, which mounted a broadside against CBE Governor Tarek Amer <\/strong>last night.Thanks, Lamees.<\/p>\n

Host Lamees El Hadidi accused Amer of making a power grab through proposed amendments to the central bank and banking acts.<\/strong> Proposed amendments to the two acts would grant \u201cexcessive powers\u201d over the banking sector to the CBE governor, Lamees claimed. According to \u201ccopies of the draft\u201d (she made sure to hold up a piece of paper in front of the camera), Lamees claims that the bill would give the governor\u2019s office greater oversight and decision making powers over the banking sector\u2019s general assemblies. She also alleged that the bill would concentrate decisionmaking at the bank in the governor\u2019s office, effectively neutering the bank\u2019s board.<\/p>\n

The move would also infringe on some of the powers of the presidency and the prime minister<\/strong>, Lamees alleged in a diatribe (watch<\/a>, runtime: 4:50). The host provided no concrete detail and cited unnamed sources within the industry.<\/p>\n

Here is what we know so far of the amendments to both laws: <\/strong>Following a decree setting a nine-year term limit<\/a> for any bank\u2019s managing director back in March of last year, Deputy Governor Gamal Negm had said<\/a> that the CBE would amend the CBE Act and conduct a thorough evaluation of the banking sector\u2019s board of directors and executive management. He gave no detail at the time on either move. Last month, Al Borsa reported<\/a> that amendments to the Banking Act were being drafted and will be completed by August. The amendments would bring non-banking financial institutions under CBE oversight, ostensibly as a means of protecting the interests of retail clients and reducing red tape in the sector. Consultations with the domestic banking industry and international organizations including the IMF were underway, the article had said.<\/p>\n","protected":false},"excerpt":{"rendered":"

We interrupt our talk show hiatus to bring you this late-breaking bulletin from Hona Al Assema, which mounted a broadside against CBE Governor Tarek Amer last night.Thanks, Lamees. Host Lamees El Hadidi accused Amer of making a power grab through proposed amendments to the central bank and banking acts. Proposed amendments to the two acts […]<\/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":[9281],"tags":[2379,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645396","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"60f44bbf-f075-4c59-a792-d5c86b1a1ca4","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645388],"teaser":"","voice_url":""},"yoast_head":"\nLamees accuses Tarek Amer of attempting a power grab - 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\/07\/19\/lamees-accuses-tarek-amer-of-attempting-a-power-grab\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lamees accuses Tarek Amer of attempting a power grab\" \/>\n<meta property=\"og:description\" content=\"We interrupt our talk show hiatus to bring you this late-breaking bulletin from Hona Al Assema, which mounted a broadside against CBE Governor Tarek Amer last night.Thanks, Lamees. 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Christian families flee Daesh in North Sinai","author":"enterpriseam admin","date":"26 February 2017","format":false,"excerpt":"Believe it or not, ladies and gents, the talking heads are back to discussing real world topics that impact our economy after what seemed like a case of a back-to-school week for them.Hona Al Assema\u2019s Lamees Al Hadidy led last night with criticism of CBE Governor Tarek Amer\u2019s statements on\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644802,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/economic-issues-including-exchange-rate-and-price-hikes-dominate-the-debate\/","url_meta":{"origin":645396,"position":2},"title":"Economic issues, including exchange rate and price hikes, dominate the debate","author":"enterpriseam admin","date":"4 July 2017","format":false,"excerpt":"Inflation and a resurgent EGP were in the limelight on the airwaves last night.The strengthening of the EGP can be attributed to an influx of foreign currency at the banks, thanks to increased remittances, revenues from international bond sales, as well as a rise in exports and foreign direct investments,\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652996,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/24\/talking-heads-sing-new-rapprochement-with-the-us-following-el-sisi-trump-call-house-doesnt-understand-monetary-policy\/","url_meta":{"origin":645396,"position":3},"title":"Talking heads sing new rapprochement with the US following El Sisi-Trump call; House doesn\u2019t understand monetary policy","author":"enterpriseam admin","date":"24 January 2017","format":false,"excerpt":"President Abdel Fattah El Sisi\u2019s phone call with US President Donald Trump was the hot topic of the evening among the talking heads, with many viewing it as a positive step towards furthering relations. Kol Youm\u2019s Amr Adib said that the political relations between Egypt and the US \u201cis seeing\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652691,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/17\/tiran-and-sanafir-all-anyone-wants-to-talk-about-except-for-sherif-amer-who-paid-attention-that-a-cabinet-shuffle-is-coming\/","url_meta":{"origin":645396,"position":4},"title":"Tiran and Sanafir, all anyone wants to talk about; except for Sherif Amer who paid attention that A CABINET SHUFFLE IS COMING","author":"enterpriseam admin","date":"17 January 2017","format":false,"excerpt":"Tiran and Sanafir are all anyone wanted to talk about \u2014 except for Sherif Amer, who appears to have been the only talking head to have paid attention to the fact that a cabinet shuffle is coming.We appear, as a nation, to be losing our collective mind over Tiran and\u2026","rel":"","context":"In "Enterprise+: Last Night\u2019s Talk Shows"","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":652422,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/09\/med-prices-rising-by-february-bankruptcy-law-gets-some-traction\/","url_meta":{"origin":645396,"position":5},"title":"Med prices rising by February, bankruptcy law gets some traction","author":"enterpriseam admin","date":"9 January 2017","format":false,"excerpt":"Med prices are rising, Cabinet spox says: Yahduth Fi Misr\u2019s Sherif Amer spoke to cabinet spokesperson Ashraf Sultan, who said Prime Minister Sherif Ismail wants med prices to increase as soon as possible \u2014 before 1 February at any rate. 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