Financial and Banking News

REGIONAL BANKING

More Regulatory Changes in Egypt 

The new Minister of Economy in Egypt, Mr. Sultan Abu 'Ali (MEES, 8 April), has in his first days in office scrapped the main elements of a series of controversial regulatory changes introduced during the past three months by his predecessor. A major overhaul of the exchange rate system at the beginning of the year (MEES, 7 January) had introduced two new elements to the complex mix of policies governing...