African banking supervisors enhance coordination in Yaoundé amid financial transformations
via Gabon Review6 min read
Yaoundé is hosting the Conference and Annual Meeting of the Community of African Banking Supervisors CABS from June 4 to 5, 2026. The event, co-organized by several African and international institutions with support from BEAC and Cobac, focuses on "strengthening prudential cooperation and financial stability in Africa." This gathering brings together central bank governors, supervisory authorities, experts, and international partners to address challenges posed by rapid financial innovations, the rise of artificial intelligence, crypto-assets, and cybersecurity risks. Yvon Sana Bangui, Governor of BEAC and President of ABCA, highlighted the increasing complexity of challenges faced by supervisory authorities in an international environment marked by persistent uncertainties and profound transformations in the global financial system. The conference aims to strengthen the capacity of African supervisors to anticipate emerging risks, promote risk-based banking supervision, and foster the convergence of African regulatory frameworks with international standards, particularly those of the Basel Committee. Participants are discussing proportionality in banking regulation, the prudential implications of technological innovations like stablecoins, crypto-assets, and AI, as well as digital fraud and cybersecurity risks. Patricia Manon, President of CABS, stated that these discussions should lead to concrete recommendations to enhance the resilience of African financial systems and d
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