Legislative Regulations of the Banking Committee in Algeria

Abstract

The Banking Committee is a fundamental regulatory and supervisory body in Algerian banking law, as it aims to ensure the stability of the banking sector. This committee consists of a group of members representing the Bank of Algeria and the Ministry of Finance, appointed based on their expertise in the banking and financial field. The role of this committee lies in supervising and monitoring banks and financial institutions and ensuring their compliance with applicable laws. Additionally, the committee plays a key role in protecting the rights of stakeholders by promoting transparency and accountability in banks.

It is responsible for monitoring the extent to which banks and financial institutions comply with the legislative and regulatory provisions applicable to them, in addition to its disciplinary role in penalizing violations that are detected. The committee also ensures adherence to the rules of proper banking conduct, which means overseeing the commitment of banks and financial institutions to work ethics and the required professional standards in Algeria. Furthermore, it provides its services appropriately and in alignment with Algeria’s banking sector goals.

This study aims to explore the legal framework of the Banking Committee in light of the new laws by identifying its structure and examining the role assigned to it under the provisions of the latest Monetary and Banking Law.