Regulatory Alerts2026-04-01
Internal Control of Credit Institutions
The Central Bank of Djibouti issued Instruction No. 2011-01 to mandate that all credit institutions establish and maintain a compliant internal control framework focused on risk identification, measurement, and management. The directive requires subject institutions to implement comprehensive risk mapping, strictly segregate operational and validation duties, appoint independent internal controllers, and adopt specific procedures for credit, market, liquidity, operational, and compliance risks. Furthermore, it imposes strict supervisory reporting obligations, including annual internal control reports, immediate fraud notifications, and a compliance deadline of March 31, 2012, while repealing the previous 1996 instruction.
Share