The Central Bank of West African States (BCEAO) hosted, on 15 and 16 April 2025 at its headquarters in Dakar (Senegal), the first plenary meeting of the Group of Francophone Banking Supervisors (GSBF) for the year 2025. BCEAO chairs this group for the period 2025-2026.

This meeting was attended by ten (10) equivalent banking supervisory authorities, namely the Prudential Control and Resolution Authority (ACPR), the National Bank of Belgium (BNB), Bank Al-Maghrib, the Central Africa Banking Commission(COBAC), the Central Bank of the Comoros (BCC), the Central Bank of the Republic of Guinea (BCRG), the National Bank of Romania (BNR), the Banking and Financial Supervision Commission of Madagascar (CSBF), the Lebanese Banking Supervision Commission and the Luxembourg Financial Sector Supervision Commission (CSSF).

The opening ceremony was chaired by the Governor of BCEAO, Chairman of the WAMU Banking Commission. In his address, the Governor noted the need for GSBF member authorities to deepen cooperation in order to respond more effectively to the challenges of strengthening the stability and resilience of their banking systems.

The main theme of the meeting was ‘management and resolution of banking crises’. The discussions highlighted the achievements of the respective jurisdictions, particularly in terms of the legal frameworks that have been put in place, as well as the thinking that has gone into the efficient handling of any banking crises that may arise. A session led by an expert from the Intergovernmental Action Group against Money Laundering in West Africa (GIABA) focused on the role of the supervisor and changes to the Financial Action Task Force (FATF) standards. Participants were also briefed on the supervisory body's new guidelines for combating money laundering, the financing of terrorism and the proliferation of weapons of mass destruction (AML/CFT/FP).

The next Group meeting is scheduled for the last quarter of 2025, by videoconference.