Regulatory Alerts2019-10-07
Manual of Guidelines, Instructions and Reporting Forms
The Central Bank of The Gambia mandates licensed banking institutions to submit accurate, timely regulatory returns and maintain a minimum 10% capital adequacy ratio. The manual specifies reporting frequencies, certification protocols, and Tier 1 and Tier 2 capital components to ensure robust off-site surveillance. Strict financial penalties and operational sanctions are enforced for violations including late submissions, provisioning deficiencies, unauthorized foreign currency deposits, and non-compliance with fit-and-proper director assessments.
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