The 15th annual consultation between the Central African Banking Commission (Cobac) and banking and financial sector professionals took place in Malabo, Equatorial Guinea, on September 25, 2026. Cobac President Yvon Sana Bangui led the discussions, which focused on governance, stress tests, artificial intelligence, and financial resilience. The meeting aimed to foster dialogue between regulators and sector professionals.
The consultation discussed four key themes: governance in the era of sustainable finance, stress tests and financial resilience, artificial intelligence in banking and finance, and new products and payment methods. Participants examined the current state of the sector and identified areas for improvement. They acknowledged that while the sector is generally stable, ongoing reforms are necessary to maintain this stability.
Stress tests were highlighted as an essential tool for strategic planning and risk management, allowing institutions to identify vulnerabilities and strengthen their resilience. Widespread implementation of stress tests in banks was recommended. The growth of new products and payment methods, such as Mobile Money and electronic payments, was also noted.
The sector's situation was described as globally stable, but with a need for continued reform to maintain this dynamic. Recommendations were made to address identified challenges. Participants emphasized the importance of effective risk management and resilience in the sector.
Cobac, the banking commission, plays a crucial role in regulating and supervising the sector. The commission's president, Yvon Sana Bangui, led the discussions, ensuring a comprehensive understanding of sector challenges. The consultation provided a platform for stakeholders to share insights and expertise.
The CEMAC zone comprises six countries: Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, and Gabon. The region's economic and monetary community aims to promote economic integration and cooperation. The banking and financial sector plays a vital role in supporting economic growth and development.
The consultation's outcomes will inform future sector developments and reforms. Stakeholders will implement recommendations to strengthen the sector's resilience and stability. Effective risk management and governance will remain key priorities for the sector.
Key points
- The 15th annual consultation between Cobac and sector professionals focused on risk management, stress tests, and financial resilience.
- The sector is generally stable, but ongoing reforms are necessary to maintain this stability.
- Stress tests were recommended for widespread implementation in banks to strengthen resilience.
