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 COBAC Regulation R-2008/01 requiring credit institutions to prepare a business continuity plan, every credit institution must carry out, at intervals appropriate to
The COBAC instruction I-2004/01 governs the aspect of the compatibility of certain activities with the mandate of auditor of a credit institution in Cameroon. In
In accordance with COBAC Regulation R-2008/01 requiring credit institutions to prepare a business continuity plan, every Credit institutions is to have a documented, consistent and
In accordance with COBAC Regulation R-2008/01 requiring credit institutions to prepare a business continuity plan, Every credit institution must implement appropriate approaches to adequate business
In accordance with COBAC Regulation R-2008/01 requiring credit institutions to prepare a business continuity plan, Credit institutions must put in place policies and procedures that
In accordance with COBAC Regulation R-2008/01 requiring credit institutions to prepare a business continuity plan, in order to define and implement a plan of measures
In accordance with COBAC Regulation R-2008/01 requiring credit institutions to prepare a business continuity plan, Recovery objectives should serve as benchmarks for evaluating the effectiveness
In accordance with COBAC Regulation R-2008/01 requiring credit institutions to prepare a business continuity plan, Credit institutions should incorporate the risk of a major operational
The information relating to the shareholder is as follows; The act creating the legal person. The deed authorizing the legal person to acquire holdings in
The application shall contain the following; The organization chart of the group to which the applicant belongs. A list of the shareholders, and, where applicable,
