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Central African Financial Market Supervisory Commission
The Central African Financial Market Supervisory Commission (french: Commission de Surveillance du Marché Financier de l’Afrique Centrale, COSUMAF) is a supranational markets regulator established in 2019 and based in Libreville, Gabon. It is the single securities authority for the six countries of the Economic and Monetary Community of Central Africa (French acronym CEMAC), namely Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo. Overview The COSUMAF results from the merger of the national securities commissions of the six CEMAC member states in March 2019. As part of the same reform package enacted in 2018, the (french: Bourse des valeurs mobilières de l'Afrique centrale, BVMAC) absorbed the Douala Stock Exchange and relocated from Libreville to Douala, and the Bank of Central African States was designated as the regional central securities depository. The COSUMAF's head office in Libreville was inaugurated on . ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supranationalism
A supranational union is a type of international organization that is empowered to directly exercise some of the powers and functions otherwise reserved to states. A supranational organization involves a greater transfer of or limitation of state sovereignty than other kinds of international organizations. The European Union (EU) has been described as a paradigmatic case of a supranational organization, as it has deep political, economic and social integration, which includes a common market, joint border control, a supreme court, and regular popular elections. Another method of decision-making in international organisations is intergovernmentalism in which state governments play a more prominent role. Origin as a legal concept After the dropping of atomic bombs on Hiroshima and Nagasaki in August 1945, Albert Einstein spoke and wrote frequently in the late 1940s in favour of a "supranational" organization to control all military forces except for local police forces, in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Douala Stock Exchange
The Douala Stock Exchange (DSX in abbreviation) is the official market for securities in Cameroon. It is located in Douala. History The origin of the market in Douala began in a project sponsored by CEMAC having to do with creating stock exchanges in Gabon and Cameroon. CEMAC is the abbreviation for Economic and Monetary Community of Central Africa. The Douala Stock Exchange was created in December 2001. The first listing was (SEMC), a subsidiary of the French company Castel Group. DSX is owned by Association professionnelle des établissements de crédit du Cameroun (APECCAM), (Credit Association of Cameroon); by Cameroonian corporate interests; and by the government. It is similarly governed: Administration Board: * APECCAM : 7 seats * Corporate : 2 seats * Government : 1 seat * Other : 1 seat Until 2006, the sole listing was (SEMC). Now it also includes Société Africaine Forestière et Agricole du Cameroun (SAFACAM) and . See also *Economy of Cameroon *List of Af ... [...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] |
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] |
European Securities And Markets Authority
The European Securities and Markets Authority (ESMA) is an independent European Union Authority located in Paris. ESMA replaced the Committee of European Securities Regulators (CESR) on 1 January 2011. It is one of the three new European Supervisory Authorities set up within the European System of Financial Supervisors. __TOC__ Overview ESMA works in the field of securities legislation and regulation to improve the functioning of financial markets in Europe, strengthening investor protection and co-operation between national competent authorities. The idea behind ESMA is to establish an "EU-wide financial markets watchdog". One of its main tasks is to regulate credit rating agencies. In 2010 credit rating agencies were criticized for the lack of transparency in their assessments and for a possible conflict of interest. At the same time, the impact of the assigned ratings became significant for companies and banks but also states. In October 2017, ESMA organised its first ... [...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] |
Nagoum Yamassoum
Nagoum Yamassoum (born 1954) is a Chadian politician who was Prime Minister of Chad from 1999 to 2002 and Minister of State for Foreign Affairs from 2003 to 2005. He is from the district of Grande Sido in the region of Moyen Chari. Early life and education Yamassoum received a doctorate degree in political science from the University of Bordeaux in France, with a thesis entitled ''Contribution à l'étude des stratégies et techniques d'influence des États-Unis et de l'Union soviétique en Afrique sub-saharienne'' (A contribution to the study of American and Soviet strategies and techniques of influence in sub-Saharan Africa). His thesis was accepted in 1988. He has also written several works on the foreign policy of African states. In 1980, he published a work on the stance of Muammar Gaddafi in international relations, called ''La Politique extérieure du colonel Kadhafi'' (The foreign policy of Colonel Gaddafi). He also specifically studied the politics of Chad, including an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Securities Depository
A central securities depository (CSD) is a specialized financial organization holding securities like shares, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates. This allows brokers and financial companies to hold their securities at one location where they can be available for clearing and settlement. This is usually done electronically, making it much faster and easier than was traditionally the case where physical certificates had to be exchanged after a trade had been completed. In some cases these organizations also carry out centralized comparison, and transaction processing such as clearing and settlement of securities transfers, securities pledges, and securities freezes. Scope A CSD can be national or international in nature, and may be for a specific type of security, such as government bonds. Domestic central securities depository Many c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Central African States
The Bank of Central African States (french: Banque des États de l'Afrique Centrale, BEAC) is a central bank that serves six central African countries which form the Economic and Monetary Community of Central Africa: *Cameroon *Central African Republic * Chad * Equatorial Guinea *Gabon * Republic of the Congo In December 2010, a WikiLeaks memo dated June 3, 2005, said that Gabonese officials working for the Bank of Central African States stole US$36 million over a period of five years from the pooled reserves, giving much of the money to members of France's two main political parties. Governors Philibert Andzembe of Gabon was Governor of the Bank of Central African States from July 2007 until October 2009, when he was fired by the new president of Gabon, Ali Bongo, in response to a bank scandal in which $28.3 million went missing from the bank's Paris branch. Jean Félix Mamalepot, also from Gabon, was Governor for the preceding 17 years. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Douala
Douala is the largest city in Cameroon and its economic capital. It is also the capital of Cameroon's Littoral Region (Cameroon), Littoral Region. Home to Central Africa's largest port and its major international airport, Douala International Airport (DLA), it is the commercial and economic capital of Cameroon and the entire Economic Community of Central African States, CEMAC region comprising Gabon, Congo, Chad, Equatorial Guinea, Central African Republic and Cameroon. Consequently, it handles most of the country's major exports, such as Petroleum, oil, Cocoa bean, cocoa and coffee, timber, metals and fruits. , the city and its surrounding area had an estimated population of 5,768,400. The city sits on the estuary of Wouri River and its climate is tropical. History The first Europeans to visit the area were the Portuguese people, Portuguese in about 1472. At the time, the estuary of Wouri River was known as the Rio dos Camarões (Shrimp River). By 1650, it had become the site ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
