Banking Commission Of The West African Monetary Union
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The Banking Commission of the West African Monetary Union (french: Commission Bancaire de l'Union Monétaire Ouest Africaine, CB-UMOA) is a
supranational Supranational or supra-national may refer to: * Supranational union, a type of multinational political union * Supranational law, a form of international law * Supranational legislature, a form of international legislature * Supranational curre ...
bank supervisor established in 1990 and based in
Abidjan Abidjan ( , ; N'Ko script, N’ko: ߊߓߌߖߊ߲߬) is the economic capital of the Ivory Coast. As of the Demographics of Ivory Coast, 2021 census, Abidjan's population was 6.3 million, which is 21.5 percent of overall population of the country, ...
,
Ivory Coast Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre is ...
. It is institutionally part of the
Central Bank of West African States The Central Bank of West African States (french: Banque Centrale des États de l'Afrique de l'Ouest, BCEAO) is a central bank serving the eight west African countries which share the common West African CFA franc currency and comprise the West Af ...
(French acronym BCEAO) and is the single banking supervisor for the eight countries of the West African Monetary Union (UMOA), namely
Benin Benin ( , ; french: Bénin , ff, Benen), officially the Republic of Benin (french: République du Bénin), and formerly Dahomey, is a country in West Africa. It is bordered by Togo to the west, Nigeria to the east, Burkina Faso to the north ...
,
Burkina Faso Burkina Faso (, ; , ff, 𞤄𞤵𞤪𞤳𞤭𞤲𞤢 𞤊𞤢𞤧𞤮, italic=no) is a landlocked country in West Africa with an area of , bordered by Mali to the northwest, Niger to the northeast, Benin to the southeast, Togo and Ghana to the ...
,
Guinea Bissau Guinea-Bissau ( ; pt, Guiné-Bissau; ff, italic=no, 𞤘𞤭𞤲𞤫 𞤄𞤭𞤧𞤢𞥄𞤱𞤮, Gine-Bisaawo, script=Adlm; Mandinka: ''Gine-Bisawo''), officially the Republic of Guinea-Bissau ( pt, República da Guiné-Bissau, links=no ) ...
,
Ivory Coast Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre is ...
,
Mali Mali (; ), officially the Republic of Mali,, , ff, 𞤈𞤫𞤲𞥆𞤣𞤢𞥄𞤲𞤣𞤭 𞤃𞤢𞥄𞤤𞤭, Renndaandi Maali, italics=no, ar, جمهورية مالي, Jumhūriyyāt Mālī is a landlocked country in West Africa. Mali ...
,
Niger ) , official_languages = , languages_type = National languagesSenegal Senegal,; Wolof: ''Senegaal''; Pulaar: 𞤅𞤫𞤲𞤫𞤺𞤢𞥄𞤤𞤭 (Senegaali); Arabic: السنغال ''As-Sinighal'') officially the Republic of Senegal,; Wolof: ''Réewum Senegaal''; Pulaar : 𞤈𞤫𞤲𞤣𞤢𞥄𞤲𞤣𞤭 ...
, and
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 c ...
.


Overview

In 1989, BCEAO Governor
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)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 n ...
on , complemented by a bilateral agreement between the BCEAO and
Ivory Coast Ivory Coast, also known as Côte d'Ivoire, officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital is Yamoussoukro, in the centre of the country, while its largest city and economic centre is ...
on to establish the Commission in
Abidjan Abidjan ( , ; N'Ko script, N’ko: ߊߓߌߖߊ߲߬) is the economic capital of the Ivory Coast. As of the Demographics of Ivory Coast, 2021 census, Abidjan's population was 6.3 million, which is 21.5 percent of overall population of the country, ...
with appropriate privileges and immunities. The area remains far from a full banking union, however, because the financial burden of bank crisis management and resolution has remained at the national level. The governor of the BCEAO acts as chairman (french: Président) of the CB-UMOA, whose operations are led by a secretary-general (french: Secrétaire général) based in Abidjan.


Leadership

The following individuals have held the position of Secretary-General of the CB-UMOA since its establishment: * Djibril Sakho, October 1990 - October 1993 * Marcel Kodjo, October 1993 - September 1998 * Emmanuel Nana, September 1998 - February 2003 * Mamadou Diop, February 2003 - January 2007 * Eric Ekue, January 2007 - January 2009 * Charles Luanga Ki-Zerbo, January 2009 - January 2012 * Sanou Bolo, January 2012 - December 2014 * Sena Elda Kpotsra, January 2015 - December 2019 * Antoine Traore, since December 2019


See also

*
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 Sta ...
(COBAC) *
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 C ...
(AMF-UMOA) *
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 ...
(CRCA) *
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 ...
(ECCB) *
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 ...
*
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 exclusive ...


References

Economic Community of West African States International organizations based in Africa Organizations based in Abidjan {{Africa-bank-stub