{"id":322313,"date":"2021-06-11T11:24:01","date_gmt":"2021-06-11T11:24:01","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=322313"},"modified":"2021-06-13T11:27:17","modified_gmt":"2021-06-13T11:27:17","slug":"egypt-uae-central-banks-sign-mou-to-boost-coop-in-banking-supervision","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/06\/11\/egypt-uae-central-banks-sign-mou-to-boost-coop-in-banking-supervision\/","title":{"rendered":"Egypt, UAE central banks sign MoU to boost coop. in banking supervision"},"content":{"rendered":"

The Central Bank of Egypt (CBE) signed a memorandum of understanding (MoU) with the Central Bank of the United Arab Emirates (CBUAE) to strengthen cooperation in banking supervision.<\/p>\n

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Under the MoU, the two parties would work on identifying mechanisms of cooperation and exchanging information on the ownership structure of licensed financial institutions, authorizing acquisitions and conducting inspection of licensed financial institutions, the CBE said in a statement on Thursday.
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\nThe two banks agreed to carry out consultation before giving a permit to establish a cross-border local bank in the other country and inform each other of any significant changes in the regulatory requirements of the two countries’ jurisdictions, the statement added.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Egypt (CBE) signed a memorandum of understanding (MoU) with the Central Bank of the United Arab Emirates (CBUAE) to strengthen cooperation in banking supervision.<\/p>\n","protected":false},"author":4,"featured_media":319744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,33],"tags":[222],"class_list":["post-322313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-main","tag-central-bank-of-egypt-cbe"],"yoast_head":"\nEgypt, UAE central banks sign MoU to boost coop. in banking supervision - egy-africa<\/title>\n<meta name=\"description\" content=\"The Central Bank of Egypt (CBE) signed a memorandum of understanding (MoU) with the Central Bank of the United Arab Emirates (CBUAE) to strengthen cooperation in banking supervision.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/06\/11\/egypt-uae-central-banks-sign-mou-to-boost-coop-in-banking-supervision\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt, UAE central banks sign MoU to boost coop. in banking supervision - 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