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Daily News Egypt
06-07-2025
- Business
- Daily News Egypt
CBE hosts regional training on stress testing for COMESA central banks
In line with presidential directives to strengthen Egyptian-African integration, and as part of its ongoing cooperation with the COMESA Monetary Institute (CMI), the Central Bank of Egypt (CBE) hosted a five-day training programme on 'Micro and Macro Stress Testing for Central Banks.' The sessions were held at the Egyptian Banking Institute (EBI) in Cairo. The programme reaffirmed the CBE's pioneering role in promoting financial integration across African central banks. It brought together 28 participants from 11 COMESA member states, along with a delegation from the CMI. The sessions featured in-depth discussions, case studies, and practical applications of stress testing models used to assess credit risk, liquidity, climate change, and interbank contagion risks. Naglaa Nozahie, Advisor to the Governor for African Affairs, stressed the importance of such initiatives in enhancing the crisis management and systemic risk assessment capabilities of African central banks. She reaffirmed the CBE's commitment to capacity building and collaboration across the continent—particularly within the COMESA region—highlighting that this marks the twelfth consecutive year the CBE has provided training for COMESA central banks. Dr. Ahmed Sahloul, Assistant Sub-Governor for the Macroprudential Sector at the CBE, underlined the value of stress testing in evaluating the impact of macro-financial and geopolitical shocks on banking sector resilience. He noted that such tools are increasingly vital for assessing emerging risks, including those related to climate change and cybersecurity. Stress test results, he added, offer crucial insights that guide policymakers in enhancing financial stability and ensuring robust financial intermediation. Lucas Njoroge, Director of the COMESA Monetary Institute, expressed appreciation for the CBE's sustained efforts in supporting the capacity-building agenda for central banks in the region. He also voiced optimism for further collaboration between the CBE and CMI in the years ahead. The programme, led by experts from the CBE's Offsite Supervision and Macroprudential sectors, featured interactive sessions that encouraged the exchange of technical expertise and peer learning among participants. These engagements focused on addressing current challenges and devising practical applications of stress testing frameworks within central banks. At the programme's conclusion, participants formulated a set of proposals and recommendations aimed at deepening the integration of stress testing into central banking operations across COMESA. These recommendations will be presented for discussion during the annual meeting of COMESA central bank governors, scheduled to take place in Uganda in November 2025.
bnok24
06-07-2025
- Business
- bnok24
Central Bank of Egypt Hosts a Training Program on Micro and Macro Stress Testing for COMESA Central Banks
In line with the presidential directives to promote Egyptian-African integration, and within the framework of ongoing cooperation between the Central Bank of Egypt (CBE) and the COMESA Monetary Institute (CMI), the CBE hosted a five-day training program on 'Micro and Macro Stress Testing for Central Banks' at the Egyptian Banking Institute (EBI) in Cairo This program reflected the CBE's leading role in achieving integration among African central banks. The training program included 28 participants representing 11 Central Banks from COMESA Member States, along with a delegation from the CMI. The sessions featured discussions, practical examples, and the sharing of expertise on micro and macro stress testing using standard models. Moreover, the training covered applications of stress testing tools in credit risk, liquidity, climate change, and interbank contagion risks On this occasion, Dr. Naglaa Nozahie, the Governor's Advisor for African Affairs, emphasized the importance of such training programs in enhancing the capacity of Central Banks to address crises and assess systemic risks. She also underscored the CBE's commitment to building the capacity of Central Banks' staff across Africa and strengthening joint cooperation with countries across the continent, particularly within the COMESA region. This marked the 12th consecutive year of training programs provided by the CBE for COMESA Central Banks' staff Furthermore, Dr. Ahmed Sahloul, the Assistant Sub-Governor for the Macroprudential Sector at the CBE, highlighted the significance of conducting micro and macro stress tests to assess the effects of various macro-financial and geopolitical shocks on the banking sector's performance and resilience. Moreover, stress tests can be employed to assess the impact of emerging risks, such as climate change and cybersecurity risks. Ultimately, the stress tests results can be used to guide policymakers to implement appropriate measures that strengthen the role of the banking sector in financial intermediation, and thereby safeguarding financial stability From his side, Dr. Lucas Njoroge, Director of COMESA Monetary Institute, expressed his gratitude to the CBE for its continuous contribution to building the capacities of COMESA Central Banks, highlighting the Institute's aspiration for further collaborations with the CBE in the coming years The training program, which encompassed lecturers from the Offsite Supervision and Macroprudential sectors, featured interactive sessions for the exchange of expertise among representatives of COMESA Central Banks. These sessions aimed to address current challenges and potential solutions, as a practical exercise in applying stress tests and their regulatory frameworks within central banks At the end of the program, a set of proposals and recommendations were formulated to deepen the understanding of how stress tests can enhance the operations of COMESA Central Banks. These recommendations will be discussed at the level of central bank governors during their upcoming annual meeting in 'Uganda' in November 2025 Google News تابعونا على تابعونا على تطبيق نبض
