Governor of the Central Bank of Egypt (CBE) Hassan Abdullah on Sunday 22/12/2024 affirmed the resilience of the Egyptian banking sector in the face of various risks and the effectiveness of the CBE’s macroprudential policies in promoting financial stability.
The CBE conducts regular assessments of the banking sector’s resilience to various risks that could threaten financial stability, through a comprehensive macroprudential lens, Abdullah said while addressing the 19th High-level meeting on financial stability and regulatory and supervisory priorities that took place on December 18-19 in Abu Dhabi, the UAE.
He added that stress tests are applied within a comprehensive scenario of economic, financial, geopolitical and climate risks to measure the banking sector’s susceptibility to systemic risks that may arise from such shocks.
The meeting was attended by Governor of the Central Bank of the United Arab Emirates (CBUAE) Khaled Mohammed Balama, Director General Chairman of the Arab Monetary Fund Board (AMF) Fahad M. Alturki and a number of central bank governors from across the Arab countries, according to a statement issued by the CBE on Sunday.
