Thursday, August 17, 2017

Moneylenders to get same training as bankers. Central Bank circular regulating further ‘Comptoirs de crédit’


The Central Bank (BDL) has issued a new regulation requiring certain executives in moneylending businesses to have qualifications similar to those required by people holding comparable jobs in banks and financial institutions. The prerequisites pertain to academic, technical, and ethical qualifications in specific regulated positions.

The moneylending businesses, identified by BDL as 'specialized lending entities', are known locally as 'comptoirs de crédit'. They provide small loan...

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