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Banking Commission Of The West African Monetary Union
The Banking Commission of the West African Monetary Union (french: Commission Bancaire de l'Union Monétaire Ouest Africaine, CB-UMOA) is a supranational bank supervisor established in 1990 and based in Abidjan, Ivory Coast. It is institutionally part of the Central Bank of West African States (French acronym BCEAO) and is the single banking supervisor for the eight countries of the West African Monetary Union (UMOA), namely Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo. Overview In 1989, BCEAO Governor Alassane Ouattara promoted the creation of a single banking supervisory authority for the entire West African Monetary Union, in a context of banking sector fragility in West Africa and widespread supervisory failure by the then-existing national banking commissions of the individual UMOA member states. The Banking Commission was established by an international convention signed by the participating governments in Ouagadougou on , complemented ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Togo
Togo (), officially the Togolese Republic (french: République togolaise), is a country in West Africa. It is bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. It extends south to the Gulf of Guinea, where its capital, Lomé, is located. It covers about with a population of approximately 8 million, and has a width of less than between Ghana and its eastern neighbor Benin. From the 11th to the 16th century, tribes entered the region from various directions. From the 16th century to the 18th century, the coastal region was a trading center for Europeans to purchase slaves, earning Togo and the surrounding region the name "The Slave Coast". In 1884, Germany declared a region including a protectorate called Togoland. After World War I, rule over Togo was transferred to France. Togo gained its independence from France in 1960. In 1967, Gnassingbé Eyadéma led a successful military coup d'état, after which he became president of an anti-communist, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Community Of West African States
The Economic Community of West African States (ECOWAS; also known as in French and Portuguese) is a regional political union, political and economic union of fifteen countries located in West Africa. Collectively, these countries comprise an area of , and in 2015 had an estimated population of over 349 million. Considered one of the pillar trade bloc, regional blocs of the continent-wide African Economic Community (AEC), the stated goal of ECOWAS is to achieve "collective self-sustainability, self-sufficiency" for its member states by creating a single large trade bloc by building a full economic and trading union. The union was established on 28 May 1975, with the signing of the Treaty of Lagos, with its stated mission to promote economic integration across the region. A revised version of the treaty was agreed and signed on 24 July 1993 in Cotonou. The ECOWAS also serves as a peacekeeping force in the region, with member states occasionally sending joint military forces to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Financial Regulatory Authorities By Jurisdiction
The following is an incomplete list of financial regulatory and supervisory authorities by individual jurisdiction. Central banks are only listed where they act as direct supervisors of individual financial firms. Unless they are set up exclusively for financial services, competition authorities and takeover panels are not listed. Financial intelligence units and policy banks are not listed, unless they also have a financial supervisory mandate. List of current authorities A-B * Afghanistan: Da Afghanistan Bank * Albania: Financial Supervisory Authority (AMF) * Algeria: Commission d'Organisation et de Surveillance des Opérations de Bourse (COSOB) * Andorra: Andorran Financial Authority (AFA) * Angola: Capital Markets Commission (CMC) and Agência Angolana de Regulação e Supervisão de Seguros (ARSEG) * Anguilla: Eastern Caribbean Central Bank and Financial Services Commission (FSC) * Antigua & Barbuda: Eastern Caribbean Central Bank and Financial Services Regulator ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Banking Supervision
European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is referred to as ECB Banking Supervision. EU member states outside of the euro area can also participate on a voluntary basis, as was the case of Bulgaria as of late 2023. European Banking Supervision was established by Regulation 1024/2013 of the Council, also known as the SSM Regulation, which also created its central (albeit not ultimate) decision-making body, the ECB Supervisory Board. Under European Banking Supervision, the ECB directly supervises the larger banks that are designated as Significant Institutions. The other banks, known as Less Significant Institutions, are supervised by national banking supervisors ("national competent authorities") under supervisory oversight by the ECB. As of late 2022, the ECB directly supervised 11 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank (ECCB) is the central bank for the Eastern Caribbean Dollar, Eastern Caribbean dollar and is the monetary authority for the members of the Organisation of Eastern Caribbean States (OECS), with the exception of the British Virgin Islands, Guadeloupe and Martinique. Two of its core mandates are to maintain price and financial sector stability, by acting as a stabilizer and safe-guard of the banking system in the Eastern Caribbean Economic and Currency Union (OECS/ECCU.) It was founded in October 1983 with the goal of maintaining the stability and integrity of the subregion's currency and banking system in order to facilitate the balanced growth and development of its member states. The bank is headquartered in Basseterre, St. Kitts, and is currently overseen by Mr. Timothy Antoine, the Bank Governor. Prior to assuming his post in February 2016, the bank was overseen by the late K. Dwight Venner, Sir K. Dwight Venner. In early 2015, the bank ann ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regional Insurance Control Commission
The Regional Insurance Control Commission (french: Commission Régionale de Contrôle des Assurances, CRCA) is a supranational insurance supervisor established in 1993 and based in Libreville, Gabon. It is the single authority for insurers in the eight countries of the West African Monetary Union (French acronym UMOA), the six countries of the Economic and Monetary Community of Central Africa (CEMAC), as well as the Comoros, thus covering 15 countries in total: Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Comoros, Equatorial Guinea, Gabon, Guinea Bissau, Ivory Coast, Mali, Niger, Republic of the Congo, Senegal, and Togo. Overview The CRCA is the regulatory and supervisory arm of the (french: Conférence Interafricaine des Marchés d'Assurances, CIMA), a regional body that seeks to promote insurance market development. The statute of the CRCA was signed in Abidjan in September 1993, and it started operations in August 1995. The members of the Commission include ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Markets Authority Of The West African Monetary Union
The Financial Markets Authority of the West African Monetary Union (french: Autorité des Marchés Financiers de l'Union Monétaire Ouest Africaine, AMF-UMOA) is a supranational markets regulator established in 1996 and based in Abidjan, Ivory Coast. It is the single securities authority for the eight countries of the West African Monetary Union (French acronym UMOA), namely Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo. It was known from 1996 to 2020 as the Regional Council for Public Savings and Financial Markets (french: Conseil Régional de l'Epargne Publique et des Marchés Financiers, CREPMF). Overview The creation of a supranational securities authority followed the integration of bank supervision with the establishment in 1990 of the Banking Commission of the West African Monetary Union. On , an agreement was signed by the Council of Ministers of the West African Monetary Union that established the CREPMF as a body responsible for the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central African Banking Commission
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 On , 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 , a follow-up agreement harmonized banking regulation in the region, paving the way for the effective establishment of the COBAC in January 1993. The COBAC is chaired by the Governor of the BEAC and managed by a permanent secretary-general. In late 201 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privileges And Immunities Clause
The Privileges and Immunities Clause (U.S. Constitution, Article IV, Section 2, Clause 1, also known as the Comity Clause) prevents a state from treating citizens of other states in a discriminatory manner. Additionally, a right of interstate travel is associated with the clause. Text Prior to ratification of Constitution The clause is similar to a provision in the Articles of Confederation: "The free inhabitants of each of these States, paupers, vagabonds and fugitives from justice excepted, shall be entitled to all privileges and immunities of free citizens in the several States." James Madison discussed that provision of the Articles of Confederation in Federalist No. 42. Madison wrote, "Those who come under the denomination of free inhabitants of a State, although not citizens of such State, are entitled, in every other State, to all the privileges of free citizens of the latter; that is, to greater privileges than they may be entitled to in their own State." Madison app ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ouagadougou
Ouagadougou ( , , ) is the capital and largest city of Burkina Faso and the administrative, communications, cultural, and economic centre of the nation. It is also the country's largest city, with a population of 2,415,266 in 2019. The city's name is often shortened to ''Ouaga''. The inhabitants are called ''ouagalais''. The spelling of the name ''Ouagadougou'' is derived from the French orthography common in former French African colonies. Ouagadougou's primary industries are food processing and textiles. It is served by an international airport and is linked by rail to Abidjan in the Ivory Coast and, for freight only, to Kaya. There are several highways linking the city to Niamey, Niger, south to Ghana, and southwest to Ivory Coast. Ouagadougou has one of West Africa's largest markets, which burned down in 2003 and has since reopened with better facilities and improved fire-prevention measures. Other attractions include the National Museum of Burkina Faso, the Moro-Naba Palac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alassane Ouattara
Alassane Dramane Ouattara (; ; born 1 January 1942) is an Ivorian politician who has been President of Ivory Coast (Côte d'Ivoire) since 2010. An economist by profession, Ouattara worked for the International Monetary Fund (IMF)"Ivory Coast's Alassane Ouattara in profile" , , 11 April 2011. and the (french: Banque Centrale des Etats de l'Afrique de l'Ouest, BCEAO), and he was the |
