CBE and SCMR Sign Cooperation Protocol Regulating Banking Sector Digital Content
Summary
The Central Bank of Egypt and Supreme Council for Media Regulation signed a cooperation protocol establishing a framework to regulate digital content of the banking sector. The CBE's Board of Directors is authorized to define specific data that licensed banking entities must publish on their websites and digital applications, including banking services, fee structures, and financial statements. The CBE retains responsibility for determining publication methods, means, standards, and regulatory mandates for banks' digital platforms.
What changed
The Central Bank of Egypt and Supreme Council for Media Regulation signed a cooperation protocol to regulate digital content of the banking sector. The protocol authorizes the CBE's Board of Directors to define specific data to be published by licensed banking entities on their digital platforms, covering banking services, fee structures, financial statements, and other required disclosures. The CBE will also determine publication methods, standards, and regulatory mandates for banks' websites and digital applications.
Affected parties, primarily licensed banks operating in Egypt, should prepare for forthcoming CBE directives establishing mandatory digital disclosure requirements. Banks will need to ensure their websites and mobile applications comply with CBE-defined standards for information accuracy, completeness, and accessibility. The protocol signals increased regulatory focus on electronic disclosure for banking services.
What to do next
- Monitor CBE for forthcoming digital content disclosure requirements
- Review existing website and app disclosures against anticipated standards
- Prepare for mandated publication of banking services, fee structures, and financial statements data
Archived snapshot
Apr 16, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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- Governor of the Central Bank of Egypt and Chairman of the Supreme Council for Media Regulation Sign Cooperation Protocol to Enhance the Digital Content of Banking Sector
Governor of the Central Bank of Egypt and Chairman of the Supreme Council for Media Regulation Sign Cooperation Protocol to Enhance the Digital Content of Banking Sector
06 Apr 2026
Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), and Eng. Khalid Abdel Aziz, Chairman of the Supreme Council for Media Regulation (SCMR), signed a cooperation protocol at the CBE’s headquarters, to emphasize the strategic coordination and integration between the two entities. The signing ceremony was attended by Mr. Rami Aboulnaga, Deputy Governor of the CBE; Mr. Mohamed Shaaban, CBE’s Sub-Governor for the Legal Sector; Counselor Yasser El-Maabadi, Secretary General of the SCMR; and Ms. Nihal Orkhan, Acting Head of the Corporate Communications Central Department at the CBE.
The protocol aims to establish a productive and cooperative framework to regulate digital content of the banking sector, as well as the information published by banks across their websites and digital applications. This initiative aligns with the CBE’s commitment to bolstering electronic disclosure for financial and banking services, ensuring the efficient and effective dissemination of accurate data and information to the public.
Under this protocol, the CBE’s Board of Directors is authorized with defining the specific data to be published by licensed entities on their digital platforms, including disclosures regarding banking services, fee structures, financial statements, and other required data. Furthermore, the Central Bank of Egypt remains responsible for determining the methods and means of publication, as well as setting the standards, requirements, and regulatory mandates for the utilization of these websites.
This page was last updated 06 Apr 2026
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