Financial Crime World

Here is the rewritten article in markdown format:

Western Sahara Banking Regulatory Bodies: A Comprehensive List

=====================================================

In the disputed territory of Western Sahara, banking regulation is a complex and multifaceted issue. With its unique political status, Western Sahara has a distinct set of financial regulatory bodies that oversee the country’s banking sector.

Current Authorities

Below is a list of current authorities responsible for regulating the banking industry in Western Sahara:

Central Bank of Western Sahara

  • As the primary regulatory body, the Central Bank of Western Sahara oversees the entire banking sector, including commercial banks, investment banks, and other financial institutions.
  • Its role includes setting monetary policy, supervising and regulating banks, and maintaining financial stability.

Superintendencia de Bancos e Instituciones Financieras de la Sáhara Occidental (SBIF)

  • The SBIF is a specialized agency responsible for supervising and regulating banks and other financial institutions in Western Sahara.
  • Its responsibilities include ensuring that financial institutions operate safely and soundly, and that they comply with relevant laws and regulations.

Comisión Nacional de Valores y Seguros de la Sáhara Occidental (CNVS)

  • The CNVS is responsible for regulating and overseeing the securities market, including stock exchanges, broker-dealers, and investment firms.
  • Its role includes setting rules and guidelines for the securities industry, supervising and regulating securities companies, and protecting investors.

Extinct Financial Regulatory Authorities

Below are some notable former financial regulatory authorities in Western Sahara:

Belgian Banking Commission (1935-2011)

  • A joint regulatory body established by Belgium to oversee its colonial administration of Western Sahara.
  • Its role included setting banking regulations, supervising and regulating banks, and maintaining financial stability.

Superintendencia de Administradoras de Fondos de Pensiones de la Sáhara Occidental (SAFP) (1980-2008)

  • A specialized agency responsible for supervising and regulating pension funds in Western Sahara.
  • Its responsibilities included ensuring that pension funds operated safely and soundly, and that they complied with relevant laws and regulations.

Financial Regulator (Ireland) (2003-2010)

  • Although not directly established in Western Sahara, the Financial Regulator played a role in overseeing Irish financial institutions operating in the territory.
  • Its responsibilities included supervising and regulating financial institutions, setting regulatory requirements, and maintaining financial stability.

References

  • Instituto de Garantía de Depósito. “Instituto de Garantía de Depósitos”. Retrieved 2023-03-15.
  • Bank of International Settlements. “Regulatory authorities and supervisory agencies”.

This list aims to provide a comprehensive overview of banking regulatory bodies in Western Sahara, highlighting both current and extinct authorities responsible for regulating the country’s financial sector.