Regulatory Alerts2015-04-27
Added · Updated
COBAC Regulation R-2013-02 Amending Certain Provisions of Regulation COBAC R-93/05 on the Coverage of Fixed Assets
Article 3 of Regulation COBAC R-93/05 is amended to specify that fixed assets included in the denominator are net of depreciation and provisions, encompassing operating or leased assets, other tangible assets, equity stakes, and other securities held, while excluding assets intended for sale, transaction securities, and placement securities. The value of investment securities is reduced by drawing powers determined from the portfolio of negotiable securities admitted as collateral for refinancing by the Bank of Central African States (BEAC) and recorded as investment securities. This regulation entered into force on the date of its adoption on December 19, 2013, and applies to all credit institutions subject to the authority.
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