Commission Bancaire de l'UMOA (UMOA Banking Commission)
Who they are
Union-level banking supervisor of the eight UMOA states, set up by the finance ministers to give the Union a uniform and more effective supervision of banking activity.
What they do
Grants and withdraws approval of credit institutions, supervises credit institutions and decentralised financial systems, and imposes administrative measures and disciplinary and pecuniary sanctions. Its Collège de Supervision announces sanctions through BCEAO press releases; it can also appoint a provisional administrator or liquidator.
Key laws & regulations issued
- Direction Instruction n°006-05-2018 du 16 mai 2018 fixant les modalités d'application des sanctions pécuniaires prononcées par la Commission Bancaire de l'UMOA à l'encontre des établissements de crédit de l'UMOA (Instruction on the application of pecuniary sanctions imposed by the UMOA Banking Commission) 2018
- Circular Circulaire n°04-2017/CB/C relative à la gestion des risques dans les établissements de crédit et les compagnies financières de l'UMOA (Circular on risk management in credit institutions and financial holding companies) 2017
All Laws & Regulations from Commission Bancaire de l'UMOA (UMOA Banking Commission) →
Enforcement by this regulator
| Date | Entity | Action | Penalty | Source |
|---|---|---|---|---|
| Sep 2026 | Banque établie au Sénégal (bank established in Senegal; not named in the release) (bank) | Monetary Penalty Formal Reprimand | XOF 300,000,000 | official |
| 1 Jul 2026 | LOCAFRIQUE (Compagnie Ouest Africaine de Crédit-Bail) (financial institution (leasing company)) | Licence Action | — | official |
| Jun 2025 | Banque établie au Sénégal (bank established in Senegal; not named in the release) (bank) | Monetary Penalty Formal Reprimand | XOF 151,000,000 | official |
| Mar 2025 | Établissement de monnaie électronique établi au Sénégal (electronic money institution established in Senegal; not named in the release) (electronic money institution) | Monetary Penalty Formal Reprimand | XOF 38,000,000 | official |
Latest news
No news tagged to this regulator yet.
Related regulators
Others in Senegal supervising overlapping sectors.