On July 19th in the capital of Chad, Ndjamena, the secretary general of the bank commission in central Africa (COBAC) held their justice and banking within the CEMAC zone forum, presided by the COMAC president and introduced by Tchad’s minister of finance.
After noticing that disputes between banking institutions and their clients, as well as pleas against the banking commission’s decisions, were on the increase, COBAC wanted to prioritize exchanges between key stakeholders on the subject.
Regulators working in the banking and finance sectors, national and local authorities, as well as credit and microfinance institutions, came together to their expertise and discussed creating the world of tomorrow, mostly regarding general and special legislation applicable to disputes resolution.
Various debates occurred regarding the confluence between banking law and business law, and the regulation covering banking institutions’ relationship with their clients. Questions surrounding the capabilities of national and community institutions in disputes resolution were also raised.