Algeria Validates Draft Prudential Rules for Banks and Financial Institutions

On 5 November, Algeria’s Monetary and Banking Council validated draft prudential regulations covering bank solvency ratios, large exposures, equity holdings and the classification and provisioning of receivables. No new compliance fee or implementation cost was announced. The proposed rules create opportunities for financial compliance advisers, legal consultants, risk-management firms and banking technology providers. HPC can support regulatory monitoring, compliance research and professional partnerships.

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