Regulatory Alerts2018-01-01
Regulation No. 002-2018/BCC/DSBR on Corporate Governance in Credit Institutions
The Governor of the Central Bank of the Comoros issues Regulation No. 002-2018/BCC/DSBR to establish mandatory corporate governance rules for all credit institutions in the Comoros. The regulation defines the roles, qualifications, and responsibilities of the Board of Directors, executive management, and specialized committees such as audit and risk management. It further mandates strict procedures for the selection of administrators, the prevention of conflicts of interest, and the oversight of executive leadership to ensure sound banking practices.
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