Regional banking commission for Central Africa, chaired by the BEAC Governor. It has seven commissioners (one per member state), three BEAC censors and one representative of the French banking commission.
What they do
Checks that credit institutions comply with laws and regulations, gives binding opinions on licensing and sets accounting rules and prudential standards. It carries out on-site and off-site inspections and acts as a disciplinary body, with sanctions ranging from warnings to withdrawal of an institution's licence.
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