Regulatory Alerts2011-11-10
COBAC Decision D-2010/004 Establishing a Code of Conduct for On-Site Inspection Missions
The Banking Commission of Central Africa (COBAC) issued Decision D-2010/004 to establish a comprehensive Code of Conduct governing its on-site inspection missions. The decision mandates specific procedural frameworks, organizational structures, and ethical obligations for mission heads and team members conducting on-site verifications of credit institutions. It further defines the scope, powers, follow-up mechanisms, and rights of supervised entities to ensure consistent, transparent, and legally sound regulatory oversight across the Economic and Monetary Community of Central Africa.
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