Regulatory Alerts2007-01-01
Central Bank of the Comoros Regulatory Texts 2007
The Central Bank of the Comores issued regulatory circulars in 2007 to assign specific five-digit bank codes to five financial institutions and to formally approve Exim Bank Comoros for national operations. A separate circular clarified that prudential capital standards for BIC-Comores remain unaffected by ongoing legal proceedings until an appeal is concluded, while waiving immediate provision requirements for the 2007 fiscal year. These measures collectively updated the official registry of authorized banks and established specific prudential treatment guidelines for institutions facing legal challenges.
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