Regulatory Alerts2016-04-25
Law No. 2016-35 of April 25, 2016, Establishing the Statute of the Central Bank of Tunisia
The Tunisian President promulgated Law No. 2016-35 of April 25, 2016, establishing a macro-prudential surveillance committee within the Central Bank of Tunisia. The law mandates that this committee, chaired by the Central Bank Governor and comprising key financial regulators, issues recommendations to ensure systemic stability, prevent systemic risks, and coordinate financial crisis management. Furthermore, it requires sectoral regulatory authorities to implement these recommendations or provide reasoned justifications for any delays or refusals, while granting the committee powers to maintain confidentiality and conclude international cooperation agreements.
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