West African Banking Reform Creates a Two-Speed Integration in UMOA

Senegal · FINANCE Key Facts —New banking law: The Uniform Banking Law was adopted by UMOA finance ministers on 16 June 2023, replacing the 2008 framework and expanding supervision to payment institutions, electronic money institutions, and banking holding companies. —First movers: Benin transposed the law first with Law No. 2024-14 of 2 September 2024, followed…