Regulatory Alerts2002-10-22
COBAC Regulation R-2001/01 amending Regulation R-93/02 on the net own funds of credit institutions
The Central African Banking Commission (COBAC) issued Regulation R-2001/01 to amend its previous Regulation R-93/02 concerning the net own funds requirements for credit institutions. This regulatory update establishes the specific capital adequacy standards and calculation methodologies that credit establishments must adhere to within the CEMAC region. The regulation ensures that financial entities maintain sufficient net own funds to guarantee their solvency and stability.
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