Back to Cameroon

Cameroon

CM · CMR · Middle East & Africa

5 regulators · 7 laws & regulations · 4 obligations

Commission Bancaire de l'Afrique Centrale (Central African Banking Commission) COBAC

Official site
https://www.beac.int/supervision-bancaire/la-commission-bancaire/
Established
1990
Constituting statute
Convention of 16 October 1990 creating COBAC; members installed on 22 January 1993

Who they are

Regional banking supervisor for the six CEMAC states, chaired by the BEAC Governor and acting as a body of the CEMAC.

What they do

Gives binding opinions on licensing, sets accounting rules and prudential standards, and inspects institutions on-site and off-site. It can sanction breaches, from warnings and reprimands to restrictions, removal of managers and licence withdrawal, and it also supervises microfinance institutions.

Key laws & regulations issued

All Laws & Regulations from COBAC →

Latest news

No news tagged to this regulator yet.

Browse all news

Related regulators

Others in Cameroon supervising overlapping sectors.