The Central Bank of Algeria reported that its Monetary and Banking Council approved draft prudential regulations for banks and financial institutions. The proposals seek closer alignment with international standards and recommendations for banking regulation and supervision while accounting for the specific features of Islamic banking operations. The drafts cover solvency ratios, large exposures and equity holdings, and the classification and provisioning of claims and commitments recorded off the balance sheet. The council also addressed the setting of the bank deposit guarantee premium rate.
Central Bank of Algeria’s Monetary and Banking Council approves draft prudential regulations for banks and financial institutions
The Central Bank of Algeria’s Monetary and Banking Council approved draft rules covering solvency, large exposures and equity holdings, and the classification and provisioning of claims and commitments recorded off the balance sheet. The proposals aim to align prudential regulation more closely with international standards while incorporating Islamic banking operations. The council also addressed setting the bank deposit guarantee premium rate.