Regulatory Alerts2012-02-17
Added · Updated
Instruction No. 17 on Prudential Rules for Internal Control and Compliance (Modification No. 1)
The Central Bank of Congo establishes prudential rules for internal control and compliance applicable to credit institutions, including banks, specialized financial institutions, financial companies, and savings banks. The instruction mandates that these entities implement an adequate internal control system adapted to their size, activities, and risk profile, defining the specific roles of deliberative bodies, executive bodies, audit committees, and internal audit functions. It further requires robust operational controls, accounting procedures, risk measurement systems, and business continuity plans to ensure financial reliability and regulatory adherence.
More like this from BCC
We email you every new BCC publication the day it's published.