​La nouvelle loi bancaire au Sénégal : an opportune réforme pour renforcer la transparence et la sécurité financière dans un contexte de corruption et d’essor des fintech (Par Dr. Seydina Oumar Seye) The new banking law in Senegal: an opportune reform to strengthen transparency and financial security in a context of corruption and the rise of fintech (Par Dr. Seydina Oumar Seye) The new banking law in Senegal: an opportune reform to strengthen transparency and financial security in a context of corruption and the rise of fintech (Par Dr. Seydina Oumar Seye) The new banking law in Senegal: an opportune reform to strengthen transparency and financial security in a context of corruption and the rise of fintech 

  Senegal, like many African countries, faces major challenges in terms of transparency and financial security. With a corruption perception index (IPC) of 43 out of 100 in 2022 and a small progression of 45 out of 100 lately, according to Transparency International, the country is situated in a red zone where the risks of financial misappropriation and embezzlement remain worrying. In this context, the adoption of a new banking law inspired by the Basel III agreements appears as a crucial reform to modernise the financial sector, strengthen banking compliance and respond to the challenges of financial inclusion and economic stability. The new Senegalese banking law is in line with the Basel III agreements, which aim to strengthen the resilience of financial institutions in the face of economic crises and improve risk management. As pointed out by Mohamed Guinée Larem, this reform introduces strict prudential measures, notably in terms of own funds and liquidity, which allow better coverage of specific and systemic risks. For example, the increase in the capital adequacy ratio (CET1) to 4.5% and the introduction of a conservation cushion of 2.5% to ensure that banks have sufficient capital to absorb losses in the event of an economic shock. By strengthening capital requirements, the new banking law reduces the risks of bank failures, such as that of the African Development Bank and Mutual Insurance Company (BADAM) in Guinea, which led to an increase in the share capital of the company to nearly USD 12 million. Such regulation contributes to restoring the confidence of investors and depositors, while limiting the opportunities for misappropriation of funds.