The Central Bank of Egypt organised a seminar on “Current and Emerging Regulatory Developments” with participation from around 23 African central banks that are members of the Association of African Central Banks, as part of its chairmanship of the Basel Implementation Working Group under the Community of African Banking Supervisors. The programme covered supervisory priority areas including the Basel Accord Pillar II and Pillar III frameworks, supervisory regulations for emergency liquidity assistance, recovery plans, sanctions and governance, as well as regulatory approaches to cybersecurity and fintech, with a stated aim of strengthening awareness and risk management practices to address emerging challenges in Africa. The event marked the first in-person participation by African central bank representatives since the seminars moved to a virtual format in 2021. The seminar forms part of an ongoing series initiated under the Working Group, which was established during a conference hosted by Egypt in June 2019. Earlier sessions covered Pillar II and Pillar III (2021), Basel III post-crisis reforms (2022), climate-related financial risks and sustainable finance (2023), and supervisory frameworks and risk management (2024).
Central Bank of Egypt 2025-12-21
Central Bank of Egypt hosts Basel implementation seminar for 23 African central banks on emerging regulatory developments
The Central Bank of Egypt hosted a seminar on "Current and Emerging Regulatory Developments" with 23 African central banks, focusing on supervisory priorities like Basel Accord frameworks, emergency liquidity assistance, and cybersecurity. This marks the first in-person gathering since 2021, aiming to enhance risk management practices across Africa. The seminar is part of a series initiated by the Basel Implementation Working Group under Egypt's leadership.