On Thursday in Bangkok, Thailand, Naji Issa, the Governor of the Central Bank of Libya, met with Pablo Hernández de Cos, the General Manager of the Bank for International Settlements (BIS). According to a trusted source, their discussions focused on enhancing technical collaboration and developing the capacities of the Central Bank of Libya and local banks in banking regulation and supervision.
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The source revealed that the meeting explored the potential for utilizing BIS's technical expertise and training programs, specifically concerning the Basel Committee on Banking Supervision standards, risk management, governance, and improving financial stability. The aim is to support the development of Libya’s banking regulatory framework, enhance the efficiency of specialized personnel, and strengthen the ability of banking institutions to meet international standards and best practices in risk management and financial oversight.
This meeting is part of a wider initiative by the Central Bank of Libya to foster relationships with global monetary and financial institutions, leveraging specialized expertise to modernize the banking sector. The discussion occurred during the Annual Meetings of the International Monetary Fund and the World Bank Group in Bangkok and also included Damiano Sandri, Advisor to the General Manager of the BIS.