The Central Bank of Egypt has signed a Memorandum of Understanding with China’s National Financial Regulatory Administration to enhance cooperation on banking supervision, including bank and financial institution licensing and the oversight of cross-border establishments operating in either jurisdiction. The MoU sets out arrangements for joint cooperation on licensing, ongoing supervision of cross-border activities, and information sharing to support supervisory tasks and promote the safety and soundness of banks. It also covers exchanging experience, training and technical expertise in banking supervision, streamlining the exchange of information on relevant legal and regulatory changes, and holding regular meetings between the two authorities.
Central Bank of Egypt 2025-10-15
Central Bank of Egypt signs supervisory cooperation MoU with China’s National Financial Regulatory Administration covering bank licensing and cross-border oversight
The Central Bank of Egypt and China's National Financial Regulatory Administration have signed a Memorandum of Understanding to enhance cooperation on banking supervision. The MoU includes joint efforts on licensing, supervision of cross-border activities, and information sharing to ensure the safety and soundness of banks. It also involves exchanging expertise and holding regular meetings to streamline regulatory updates.