Category: Banks. Country: Tunisia.
The banks' auditors must inform the Central Bank of Tunisia of their audit results and disclose any fact presenting a threat to the interests of the bank they audit or its depositors' interests.The auditors must, also, hand over a report of activity to the Central Bank of Tunisia at the end of each fiscal year, as well as another report to the departments of the audited bank. Control power. The control made by the Central Bank of Tunisia has been extended to bank subsidiaries, legal corporates who control them, as well as to subsidiaries of the latter. Injonction power. The Central Bank of Tunisia has been endowed with an injonction power, preceded by a warning, so as to impose on any bank, when it appears warranted, to proceed mainly to : An increase of its capital, A ban on any distribution of dividends, Formation of reserve. Intervention power. The Governor has been entitled, if it appears warranted and in view of protecting the depositors', third parties' and the banking system interests, to take the following decisions : Invite bank's shareholders to provide the bank with the necessary support, Organize the contribution of all banks, Appoint a temporary administrator. The Central Bank general assignment is to defend the internal and the external value of the national currency and preserve its stability.In this context, it controls the monetary circulation and credit allocation by means of indirect instruments of monetary policy and sees to the smooth functioning of the financial and the banking system.
Address: 25, rue Hedi Nouira, 1080 BP: 777, Phone: 216 71 340588
