On 16 October 1990, following similar reform pioneered by the Central Bank of West African States earlier the same year, the member states decided to pool their banking supervision and created the COBAC for that purpose within the BEAC. On 17 January 1992, a follow-up agreement harmonized banking regulation in the region, paving the way for the effective establishment of the COBAC in January 1993.[1] The COBAC is chaired by the Governor of the BEAC and managed by a permanent secretary-general.
In late 2011, the COBAC moved from its temporary location in Yaoundé to Libreville.[2]
cobac, central, african, banking, commission, french, commission, bancaire, afrique, centrale, supranational, bank, supervisor, established, 1990, based, libreville, gabon, institutionally, part, bank, central, african, states, french, acronym, beac, single, b. The Central African Banking Commission French COmmission Bancaire de l Afrique Centrale COBAC is a supranational bank supervisor established in 1990 and based in Libreville Gabon It is institutionally part of the Bank of Central African States French acronym BEAC and is the single banking supervisor for the six countries of the Economic and Monetary Community of Central Africa CEMAC namely Cameroon the Central African Republic Chad Equatorial Guinea Gabon and the Republic of the Congo Overview editOn 16 October 1990 following similar reform pioneered by the Central Bank of West African States earlier the same year the member states decided to pool their banking supervision and created the COBAC for that purpose within the BEAC On 17 January 1992 a follow up agreement harmonized banking regulation in the region paving the way for the effective establishment of the COBAC in January 1993 1 The COBAC is chaired by the Governor of the BEAC and managed by a permanent secretary general In late 2011 the COBAC moved from its temporary location in Yaounde to Libreville 2 See also editCentral African Financial Market Supervisory Commission COSUMAF Regional Insurance Control Commission CRCA Banking Commission of the West African Monetary Union CB UMOA Eastern Caribbean Central Bank ECCB European Banking Supervision List of financial regulatory authorities by jurisdictionReferences edit La Commission Bancaire de l Afrique Centrale beac int Regional banking regulator relocates to Gabon Economist Intelligence Unit 3 September 2011 nbsp This African bank or banking related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title COBAC amp oldid 1185887374, wikipedia, wiki, book, books, library,
