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Libya and BIS discuss strengthening banking supervision

By , based on Libya Herald

Libya and BIS discuss strengthening banking supervision

Libyan Central Bank Governor Naji Issa discussed strengthening banking supervision and technical cooperation with Bank for International Settlements General Manager Pablo Hernández de Cos. Their meeting in Bangkok covered prudential standards, risk management and training, according to a source cited by Libya Herald.

The Central Bank of Libya and the Bank for International Settlements (BIS) have discussed strengthening technical cooperation and expertise in banking regulation and supervision. The meeting took place on Thursday in Bangkok between central bank governor Naji Issa and BIS general manager Pablo Hernández de Cos, according to a source familiar with the discussions cited by Libya Herald.

The discussions focused in particular on BIS training and technical expertise to support the implementation of Basel Committee standards, according to the same source. The work concerns both the Central Bank of Libya and Libyan commercial banks.

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