IMF: Pan-African banks pose oversight challenges
Fund singles out lack of oversight of bank holding companies in WAEMU
The rapid expansion of pan-African banks (PABs) poses a host of regulatory and supervisory challenges that "could raise systemic risks" if left unaddressed, the IMF said today.
The fund singles out the lack of oversight of bank-holding companies in the West African Economic and Monetary Union (WAEMU) as one of the most "urgent gaps" to fill.
However, the structure of the union, home to two major PABs, makes the allocation of responsibilities a "problematic topic", the IMF says, in a report on
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