Financial Regulation and Supervision in the CEMAC Zone
The urgent need to regulate the use of public-private partnerships in the CEMAC zone
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This book addresses the issue of the regulation of financial institutions in Central Africa. Under the Convention of October 16, 1990 establishing a Banking Commission in Central Africa, amending the Monetary Cooperation Convention of November 22, 1972, the Banking Commission of Central Africa is one of the bodies responsible for implementing implementation of monetary cooperation between the six Member States of the Economic and Monetary Community of Central Africa. COBAC is responsible, under the conditions set out in the appendix to the Convention of October 16, 1990, for ensuring complianc...
This book addresses the issue of the regulation of financial institutions in Central Africa. Under the Convention of October 16, 1990 establishing a Banking Commission in Central Africa, amending the Monetary Cooperation Convention of November 22, 1972, the Banking Commission of Central Africa is one of the bodies responsible for implementing implementation of monetary cooperation between the six Member States of the Economic and Monetary Community of Central Africa. COBAC is responsible, under the conditions set out in the appendix to the Convention of October 16, 1990, for ensuring compliance by financial institutions with the legislative and regulatory provisions enacted by the National Authorities, the Ministerial Committee of the Monetary Union of Central Africa (UMAC), by the Bank of Central African States or by itself and which are applicable to them and to sanction the breaches observed. The author also initiates a reflection on a phenomenon that is gaining momentum in the CEMAC countries, the use of public-private partnership as a means of financing investments within the framework of the diversification of the economies of the sub-region.
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