The banking and finance practice blog is aimed at providing all aspects touching on the activities of banks, microfinance and credit institutions, financial institutions and payment service companies in Cameroon.
This material provided by the blog will be based on instructions, circulars and regulations as established by the Ministry of Finance in Cameroon, the Bank of Central African States, the Central African Banking Commission and the National Credit Council.
Finance practice in Cameroon is quite diverse and detailed, and the plethora of instructions, regulations and circulars from the regulatory bodies involved is illustrative of this fact.
With the continuous interest of businessmen and clients wishing to invest in this sector in Cameroon, it is important to understand the structure under which a financial institution or company can be created.
With the increase in terrorism and capital flight in the world today, the finance sector of Cameroon is very much regulated in terms of the institution, shareholders, operations, source of income, directors, audit, and clientele.
The aspect of transparency cannot be over-emphasized as the best practice for banks, microfinance institutions, payment services and finance companies dwell on transparency.
The various write-ups under this blog will cover aspects touching on;
Under the umbrella of MINFI, COBAC, BEAC and the National Credit Council in Cameroon.
In accordance with Regulation No. COBAC R-2016/02 relative to the changes in the status of credit institutions, the application for authorization for acquisition, disposal or
In accordance with Regulation No. COBAC R-2016/02 relative to the changes in the status of credit institutions, The application for prior authorization for the acquisition
In accordance with Regulation No. COBAC R-2016/02 relative to the changes in the status of credit institutions, the application for prior authorization to change, extend
According to Regulation No. COBAC R-2016/02 relative to the changes in the status of credit institutions, changes significantly affecting the situation of a credit institution
This is in accordance to Regulation No. COBAC R-2016/02 relative to the changes in the status of credit institutions. KEY DEFINITIONS Change of control: any
In accordance with Regulation No. COBAC R-2016/02 relative to the changes in the status of credit institutions, the application for prior authorization for a merger
To determine the systemic importance of institutions subject to weightings will be applied to each indicator used to identify systemic importance. Each institution is assigned
SPECIAL REQUIREMENTS FOR INSTITUTIONS OF SYSTEMIC IMPORTANCE Systemic important institutions constitute an additional capital buffer intended to reduce the probability of their failure and to
Systemic important institutions are companies as defined by Article 4 of the Annex to the Convention of 17 January 1992 on the Harmonization of Banking
Systemically important institutions shall draw up an emergency recovery plan which can be implemented immediately and which ensures that, in the event of a persistent
