Community of African Banking Supervisors
The Community of African Banking Supervisors was established following a recommendation from the workshop on "the African Approach to the Implementation of International Standards for Banking Supervision and the Basle Capital Framework" held in April 2011 in Kampala, Uganda. The inaugural meeting of CABS, which is is a technical committee of the Association of African Central Banks (AACB) took place in Algeria on 9th-10th January 2013 in Algiers. All African Central Banks are entitled to be members of CABS.
The CABS is an instrument for maintaining and deepening the dialogue with and among African Banking Supervisors and giving them a greater voice in international forums. CABS main objective is to contribute to ongoing efforts to strengthen banking regulatory and supervisory frameworks on the continent.
Key activities in the CABS 2014-16 work plan include:
- An "Online Collaborative Platform" has been developed to virtually connect and foster information exchange among African banking supervisors.
- A comprehensive diagnosis to identify gaps, and the specific needs of member countries and regional supervisory structures as well as the critical supervision areas in which urgent action is needed at the sub-regional and continental levels. This workstream is led by the Banking Commission of West African Monetary Union (BC-WAMU) and the Reserve Bank of Zimbabwe (RBZ).
- A training workshop on "Macroprudential Surveillance" is scheduled for the second quarter of 2015.
Chair: Bank of Mauritius
Vice - Chair: BEAC/COBAC
Coordination: Permanent Secretariat of AACB (with support MFW4A Secretariat)