Central Bank of Egypt Moves to Regulate Digital Banking Content
The agreement sets rules for online disclosure of banking services, pricing and financial data.
The Central Bank of Egypt has signed a cooperation protocol with the Supreme Council for Media Regulation Egypt to regulate digital banking content published by licensed banks on their websites and applications.
The agreement aims to enhance transparency by standardising the electronic disclosure of financial services and ensuring accurate information reaches the public efficiently.
Under the protocol, the Central Bank will determine the data that banks must publish online, including details of banking services, pricing structures and financial statements.
It will also define the methods and channels for publication, alongside setting the standards and requirements governing the use of digital platforms by licensed institutions.
The protocol was signed by Hassan Abdullah, Governor of the Central Bank, and Khaled Abdelaziz, Chairman of the Supreme Council for Media Regulation, as part of broader coordination between regulatory bodies.
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