Cemac and ohada integration laws: complements and conflicts in the rescue of distressed banks in Cameroon
Abstract:We live in an increasingly interconnected world, provoked by a need for countries to work together in a macro-regional context. The result of this need is gradually wiping away the prints of geo-political segmentation of the world, after the Second World War giving way to regional groupings. The proliferation of regional integration groups as a vehicle for investments even in the banking sector has pushed the CEMAC1 regulator to relinquish some of her powers of supervision to the OHADA2 lawmaker. The objective of this paper is to highlight the extent to which the combined treatment of banking crises by the CEMAC and OHADA
institutions has impacted the banks’ rescue efforts. In handling collective proceedings of distressed banks, it is expected that the combined efforts of both institutions should enhance the bank’s chances of survival more than ever before.
This research which is doctrinal makes a critical analysis of the laws and an in-depth examination of a case in hand. Results reveal that the intercourse between these organizations has given rise to certain inconveniences which are slowing
down the management of banking crises. More sacrifices would have to be made by the banking police and member states governments for the harmonious functioning of the two in the treatment of distressed banks in Cameroon.
Download File [ 0.76 MB ]