- The College of Supervisors is a collaborative framework set up by the supervisory authority of the home country of a given banking group with significant cross-border activities in order to improve the effectiveness of its supervision, taking into account in particular its risk profile and its systemic importance in the countries of establishment.
- This framework is set up on the basis of the requirements issued by the Basel Committee in the document entitled "Principles for effective supervisory colleges", published in June 2014.
- In this regard, the General Secretariat of the WAMU Banking Commission established in 2015 two (2) Colleges of Supervisors for the ECOBANK and ORABANK groups. The banking subsidiaries of these two (2) groups are majority-owned respectively by Ecobank Transnational Incorporated (ETI) and ORAGROUP, financial holding companies based in Lomé, Togo.
- Since the first edition in 2015, these meetings have been held once a year, according to the format of the Universal College.
- The General Secretariat of the WAEMU Banking Commission also participates in colleges organized by counterpart supervisors of banking groups with banking subsidiaries located in WAEMU.
- This college brings together twenty-one (21) supervisors of ETI banking subsidiaries, present in Africa.
- It should be mentioned that the ECOBANK group ranks first in the Union in terms of total assets. Its network is made up of thirty-three (33) banking subsidiaries in Africa and one subsidiary established in France.
- The table below shows the countries where the group's subsidiaries are located and their respective Supervisors.
| Country of establishment | Authority supervision |
|---|---|
| Nigeria | Central Bank of Nigeria |
| Benin | WAMU Banking Commission |
| Burkina Faso | |
| Ivory Coast | |
| Guinea Bissau | |
| Mali | |
| Niger | |
| Senegal | |
| Togo | |
| Cape Verde | Cabo Verde Bank |
| Ghana | Bank of Ghana |
| Guinea | Central Bank of Guinea |
| Liberia | Central Bank of Liberia |
| Sierra Leone | Bank of Sierra Leone |
| Gambia | Bank Central of the Gambia |
| Cameroon | Central African Banking Commission (COBAC) |
| Chad | |
| Central African Republic | |
| Congo (Brazaville) | |
| Gabon | |
| Equatorial Guinea | |
| Sao Tomé and Principle | Banco Central de Sao Tomé e Principle |
| Rwanda | National Bank of Rwanda |
| Kenya | Central Bank of Kenya |
| Burundi | Bank of the Republic of Burundi |
| Uganda | Bank of Uganda |
| Tanzania | Bank of Tanzania |
| Congo (DRC) | Central Bank of Congo |
| Malawi | Reserve Bank of Malawi |
| Zambia | Bank of Zambia |
| Zimbabwe | Reserve Bank of Zimbabwe |
| Mozambique | Banco de Moçambique |
| South Sudan | Central Bank of Sudan |
- In addition to the above-mentioned entities, two representative offices are opened in other African countries (South Africa and Ethiopia) as well as three in Europe and Asia (United Kingdom, United Arab Emirates and China).
- This College brings together four (4) Supervisors. These are the UMOA Banking Commission, the Central African Banking Commission, the Central Bank of the Republic of Guinea and the Central Bank of Mauritania.
- The holding company, ORAGROUP, controls seven (7) subsidiaries, including three (3) in UMOA (Benin, Ivory Coast and Togo). The entity Côte d'Ivoire has branches in five (5) other countries of the Union (Burkina Faso, Guinea Bissau, Mali, Niger and Senegal).
- In total, the group is present in twelve (12) African countries, namely the eight (8) of the UMOA, two (2) of the CEMAC (Gabon, Chad), Guinea and Mauritania.
- The WAMU Banking Commission also participates in the meetings of the Colleges of Supervisors of nine (9) foreign banking groups whose subsidiaries are established in the Union. These are the following banking groups:
| Groups | Home Supervisor |
|---|---|
| Standard Bank Group | South African Reserve Bank |
| BMCE BOA | Bank Al Maghrib |
| Banque Populaire du Maroc | |
| Attijariwafa Bank | |
| United Bank for Africa | Central Bank of Nigeria |
| Guaranty Trust Bank | |
| FBN Bank Group | |
| Afriland | Central African Banking Commission |
| BGFIBANK Group | |
| Standard Chartered Bank | Prudential Regulatory Authority (United Kingdom) |
