Regulatory Alerts2025-02-27
Law No. [Number]/PR Amending, Repealing and Replacing Certain Provisions of Law No. 2018-036 bis of 16 August 2018 on the Regulation of Credit Institutions
The Presidency of the Islamic Republic of Mauritania issued Law No. 2025-003 to amend and replace key provisions of the 2018 Credit Institutions Regulation Law, introducing comprehensive definitions for resolution mechanisms, internal bail-in, and systemic risk. The legislation empowers the Central Bank of Mauritania to impose strict restructuring measures, appoint special commissioners and provisional administrators, and enforce capital requirements, liquidity rules, and management replacements when institutions face solvency or governance failures. Furthermore, it establishes a formal resolution framework allowing the Central Bank to transfer assets, convert debts to equity, and suspend contractual rights to ensure financial stability and protect depositors during institutional distress.