2002-10-22

COBAC Regulation R-93/13 on Credit Institutions' Commitments in Favor of Their Shareholders or Partners, Directors, Executives and Staff (Amended by Regulation R-2001/05)

The Central African Monetary and Banking Commission issued Regulation R-93/13 to regulate credit institutions' commitments in favor of shareholders, partners, directors, executives, and staff. The regulation requires board approval for all such commitments, bars related parties from participating in risk assessment or granting decisions, and caps total exposure at 15% of net equity while mandating specific deductions when commitments exceed 5%. Institutions must submit individual beneficiary lists and exposure data to the General Secretariat at prescribed intervals, with the Secretary General responsible for enforcement.

Cameroon

Banque des Etats de l'Afrique Centrale

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