\n The Central Reserve Authority (CRA), established in May 2016, diligently oversees the financial services\n sector in the region. Operating from the internationally recognized Free Zone, the CRA ensures adherence\n to the highest global standards in financial regulation and supervision, under the governance of the local\n administrative authority.\n
\n\n This region, while having its own government, legislature, and comprehensive company laws, functions with\n significant autonomy. Recognized as a burgeoning hub among the world’s premier offshore finance centers,\n it excels particularly in e-commerce, distinguishing itself as a center of excellence.\n
\n\n The Central Reserve Authority plays a pivotal role as a statutory body, ensuring that the financial\n industry here operates within a robust regulatory framework. This includes modern banking, insurance, and\n investment laws, facilitating a secure and progressive business environment.\n
\n\n For those interested in engaging with our financial services, the CRA offers detailed information on\n licensing procedures and the robust protections our licenses afford. These details are accessible through\n various menu options on our official site.\n
\n\n The CRA's regulatory purview extends beyond financial entities to include non-financial service providers\n such as law firms, real estate agents, car dealerships, and vendors of high-value items like luxury goods\n and jewelry. It also oversees Non-Profit Organizations, ensuring compliance with stringent anti-money\n laundering protocols and legislation aimed at countering the financing of terrorism.\n
\n \n\n Western Sahara is a territory with a unique status, featuring an area known as the Free Zone. This zone\n was proclaimed by the Polisario Front on February 27, 1976, and is administered independently from the\n rest of the territory. The temporary capital is Tifariti, moved there in 2008.\n
\n\n Western Sahara is recognized as a full member of the African Union. In 1999, the region adopted a new\n Constitution, shaping a governmental structure similar to the parliamentary systems found in many\n European\n countries.\n
\n\n The highest political office in Western Sahara is the President. Brahim Ghali, born on September 16,\n 1948, currently holds this position. He was elected on July 9, 2016, during elections held in the\n Sahrawi refugee camps in Tindouf, Algeria. President Ghali succeeded\n Mohamed Abdelaziz following his death on May 31, 2016.\n ...\n
\n\n The governmental framework includes a Council of Ministers led by the Prime Minister, a judicial branch\n with judges appointed by the President, and a legislative body known as the Sahrawi National Council.\n The judiciary comprises trial courts, appeals courts, and a supreme court, ensuring the administration\n of justice throughout the Free Zone. The government of Western Sahara asserts sovereignty over the\n entire territory, although its administrative control is primarily within the Free Zone.\n
\n \n\n Western Sahara, previously a Spanish colony from 1884 until 1976, entered a period of contention following\n Spain's withdrawal. The territory, known for its historical ties to nomadic tribes, proclaimed its\n independence through the Polisario Front, a Sahrawi nationalist movement. This declaration marked the\n beginning of a prolonged conflict primarily with Morocco, which also claims sovereignty over the region.\n
\n\n The conflict saw initial hostilities with both Morocco and Mauritania. However, Mauritania renounced its\n claims in 1979, following a peace agreement with the Polisario Front. The dispute with Morocco persisted,\n focusing on efforts by the Polisario Front to establish sovereignty over what it terms as \"liberated\n areas\" while referring to Moroccan-controlled zones as occupied territories.\n
\n\n As of 2016, the recognition status of Western Sahara has been complex. At one point, it was recognized by\n 85 UN member states, although 37 of these countries later withdrew their recognition. The United Nations\n itself does not recognize Western Sahara as a sovereign state, though it is a full member of the African\n Union (AU). In a significant move reflecting the contentious status of Western Sahara, Morocco withdrew\n from the AU in 1982, objecting to the AU's recognition of Western Sahara. Morocco only rejoined the AU in\n 2017.\n
\n\n The office of the President is the highest office in country. The\n president is responsible for appointing the prime minister or\n premier. Brahim Ghali is the incumbent president while Abdelkader\n Taleb is the premier. The government consists of a council of\n minister led by the prime minister, a judiciary branch whose\n members are appointed by the president, and the parliament, which\n is officially titled the Sahrawi National Council. Since its\n establishment in 1976, the government has evolved from an ad hoc\n structure to a functional government. The ministries are headed by\n ministers and are fully functional. The judiciary is well\n established with trial courts, the court of appeal and the Supreme\n Court. Even though it is not recognized as a democratic state, the\n country has banned the death penalty. In 1999, Western Sahara\n adopted a constitution similar to European constitutions. The\n constitution recognizes the Sahrawis as Africans, Arabs, and\n Muslim people.\n
\n2003
\n\n In 2003, the UN ratified the Baker plan. The plan, created by\n James Baker and presented to the then-UN Secretary-General Kofi\n Annan, established a five-year transitional plan that would see\n the Western Sahara replaced by a Western Sahara Authority (WSA).\n The WSA would be a non- autonomous authority supervised by\n Morocco and a referendum on independence would be held. Morocco\n rejected the plan. Western Sahara is a full member of the\n African Union (AU, formerly the Organisation of African Unity,\n OAU). The Western Sahara is not a member of the Arab League, nor\n of the Arab Maghreb Union, both of which include Morocco as a\n full member.\n
\n2017
\n\n In 2017 in Western Sahara was founded Central Reserve Authority\n of Western Sahara to regulate and supervise the international\n financial services sector and the non-bank financial\n institutions in accordance with the various governing\n legislation and best international practices to ensure that\n these sectors are reputable and contribute to the economic and\n social development of Western Sahara.\n
\n\n The Central Reserve Authority of Western Sahara is committed to\n the effective regulation and supervision of Western Sahara's\n financial services sector by upholding internationally recognized\n standards of compliance, thereby positioning the jurisdiction as\n the preeminent financial center in the financial services arena.\n
\n\n The Central Reserve Authority of Western Sahara was created to\n institute a new system to manage, direct control, and supervise\n the international financial services industry and domestic\n non-bank institutions in Western Sahara.\n
\n\n The Central Reserve Authority of Western Sahara was founded in\n 2017 to control the range of activities to be regulated by the\n CRA of Western Sahara to include businesses operated or carried\n on under the Financial Institution Non-Banking Act, the\n Cooperative Societies Act, the Insurance Act. In addition to the\n above, this brought Western Sahara in line with current\n international trends toward consolidating the regulation and\n supervision of financial services under a single regulatory\n body.\n
\n\n At the institutional level, the Central Reserve Authority of\n Western Sahara, in accordance with the legal hierarchy of the\n objectives regarding the policies and the functions it implements,\n ensures their maximal synergy. For this purpose, the organization\n of the internal institutional structure supports the definition of\n responsibilities at each stage of drafting and implementing\n policies and promotes the timely exchange of information and\n critical assessments. As a result of this process, the final\n decision-making of the Central Reserve Authority of Western Sahara\n is expected to be well informed and to reflect the contribution by\n the relevant policies.\n
\n\n The Central Reserve Authority of Western Sahara’s\n structures\n that are more directly and sequentially involved in the\n implementation of the macro-prudential policy are:\n
\n\n Monitors systemic risk indicators, develops the methodologies for\n its assessment and the operationalization of macro-prudential\n instruments; proposes the Financial Stability Advisory Committee\n the instrument and manner of implementation, monitors the impact\n of the instrument, prepares reports and analyses for the systemic\n risk performance, as well as assesses the stability of the\n financial system\n
\n\n Communicates the stance of the Central Reserve Authority of\n Western Sahara on systemic risks and the financial system\n stability, and decides on the implementation of the\n macro-prudential instrument if this is possible according to the\n decision-making procedures;\n
\n\n Assesses the performance of systemic risk, selects the\n macro-prudential instrument and determines its implementation;\n monitors the coordination of work for discussion within the\n institution and the preparation of legal and sub-legal acts\n necessary for the implementation of the instrument; formulates the\n macro-prudential stances for the Governor or the Supervisory\n Council in the framework of the Central Reserve Authority of\n Western Sahara’s role in safeguarding financial stability;\n
\n\n Reviews and approves the reports and analyses of the Central\n Reserve Authority of Western Sahara on the assessment of the\n financial stability situation; is informed on the assessments on\n the manner of implementation of the macro-prudential policy;\n approves sub-legal acts necessary for the implementation of the\n relevant instruments of macro-prudential policy.\n
\n\n Persons desiring to carry on international banking business in\n Western Sahara shall apply in writing to the Central Reserve\n Authority of Western Sahara for the granting of a license under\n any of the following categories:\n
\n\n A licensed institution holding a Class I International Banking\n License shall maintain a minimum capital as may be determined by\n the CRA of Western Sahara from time to time, but not being less\n than three million United States dollars in paid-up capital, of\n which five hundred thousand United States dollars shall be\n deposited with the CRA of Western Sahara or in a manner approved\n by the CRA of Western Sahara on the recommendation of the\n appropriate official, as the case may be.\n
\n\n A Class II International Banking License permits the licensed\n institution to carry on international banking business for a\n restricted list of customers, approved by the CRA of Western\n Sahara from time to time, or specified in the list issued as part\n of the terms upon which the license is granted. A licensed\n institution holding a Class II International Banking License shall\n maintain a minimum capital as may be determined by the CRA of\n Western Sahara from time to time, but not being less than five\n hundred thousand United States dollars in paid-up capital, of\n which one hundred thousand United States dollars shall be\n deposited with the CRA of Western Sahara or in a manner approved\n by the CRA of Western Sahara on the recommendation of the\n appropriate official, as the case may be.\n
\n\r\n Passed by the CRA of Western Sahara from 10 of November 2017, the\r\n Act provides for the regulation of the business of banking; and\r\n for the licensing, regulation, and supervision of financial\r\n institutions carrying on banking businesses in Western Sahara and\r\n for purposes connected therewith.\r\n
\r\n\r\n \r\n The International Banking Act, 2017\r\n
\r\n \r\n KYC, AML Policies\r\n
\r\n \r\n WSADR Conditions\r\n
\r\n \r\n Opening an account with us\r\n
\r\n \r\n Application form\r\n
\r\n \r\n LIST OF BANKING COMPANIES\r\n \r\n
\r\n\r\n {{ title.title }}\r\n | \r\n||||
---|---|---|---|---|
\r\n {{ el.name }}\r\n | \r\n\r\n {{ el.event }}\r\n | \r\n\r\n \r\n \r\n \r\n \r\n \r\n Web Page\r\n \r\n | \r\n \r\n {{ el.status }}\r\n | \r\n\r\n {{ el.status }}\r\n | \r\n
\n An applicant for a banking license must submit the following\n information for assessment by the CRA of SADR. The guidelines\n for the issue of offshore bank license can be summarized as\n follows:\n
\n\n The Central Reserve Authority of Western Sahara, SADR provides\n different banking and financial services, including\n licensing of forex brokers.\n
\n\n All the rules and regulations on conducting brokerage activities\n in the jurisdiction of SADR can be found in the act The Insurance\n and brokerage Act 2017.\n
\n\r\n You will need a legally authorized license if your company do one\r\n of the following activities:\r\n
\r\n\r\n If your company still does not hold a license or is not authorized\r\n by the industry regulator for doing brokerage, The Central Reserve\r\n Authority will help you with that.\r\n
\r\n\r\n There are basic requirements for a company that applies for a\r\n Brokerage License of the Central Reserve Authority of Western\r\n Sahara. They are listed below:\r\n
\r\n\r\n LIST OF BROKERAGE COMPANIES\r\n
\r\n\r\n {{ title.title }}\r\n | \r\n||||
---|---|---|---|---|
\r\n {{ el.name }}\r\n | \r\n\r\n {{ el.event }}\r\n | \r\n\r\n \r\n \r\n Web Page\r\n \r\n \r\n | \r\n \r\n {{ el.status }}\r\n | \r\n\r\n {{ el.status }}\r\n | \r\n
\n An IBC intending to carry on international insurance business in\n Western Sahara is required to be licensed under the IBC Act.\n
\n\r\n The incorporation of an international insurance business in\r\n Western Sahara can be achieved in as little as four (4) weeks and\r\n involves the following:\r\n
\r\n\r\n LIST OF INSURANCE COMPANIES\r\n
\r\n\n Persons desiring to carry on international trust business in\n Western Sahara shall apply to the CRA of Western Sahara for the\n granting of a license under any of the following categories\n
\n\n A general international trust license permits carrying on of\n international trust business without restrictions. A licensed\n institution holding a Class I General International Trust License\n shall maintain a minimum capital as may be determined by the CRA\n of Western Sahara from time to time, but not being less than two\n hundred and fifty thousand United States dollars in paid-up\n capital.\n
\n\n A Class II Restricted International Trust License the licensed\n institution to carry on international trust business for a\n restricted list of customers, approved by the CRA of Western\n Sahara from time to time, or specified in the list issued as part\n of the terms upon which the license is granted.\n
\n\r\n A trust corporation is subject to examination to ascertain, among\r\n other things, compliance with the relevant laws, regulations, and\r\n international standards; observance of Know Your Customer (KYC)\r\n standards; and maintenance of details of transactions.\r\n
\r\n\r\n Examiners may also investigate procedures for reporting and filing\r\n suspicious transactions with the appropriate supervisory authority\r\n under the Money Laundering Act; the Prevention of Terrorism Act\r\n and the Money Laundering Regulations.\r\n
\r\n\r\n LIST OF TRUST COMPANIES\r\n
\r\n\r\n {{ title.title }}\r\n | \r\n|||
---|---|---|---|
\r\n {{ el.name }}\r\n | \r\n\r\n {{ el.event }}\r\n | \r\n\r\n \r\n \r\n Web Page\r\n \r\n \r\n | \r\n \r\n {{el.status}}\r\n | \r\n
\r\n \r\n The Banking and Trust Act 2017\r\n
\r\n \r\n Companies Act 2018\r\n
\r\n \r\n Opening an account with us\r\n
\r\n \r\n WSADR Conditions\r\n
\r\n \r\n Application form\r\n
\n A Gambling License is a certificate by the CRA of Western Sahara.\n Gambling licenses are usually required by organizations that offer\n any type of games of chance or those that involve wagering, such\n as roulette, poker, slots, pari-mutuel racing, and lotteries,\n among a few.\n
\n\r\n It is one of the primary roles of a gambling control board of CRA\r\n of Western Sahara. It is based on standards that are broadly\r\n described in the Gambling Regulations.\r\n
\r\n\r\n Some of the requirements imposed on organizations that desire to\r\n conduct a gambling business within Western Sahara jurisdiction\r\n include meeting certain standards of good character, honesty, and\r\n integrity, disclosing detailed financial and organizational\r\n information about the gambling establishment, its owners,\r\n partners, and other associated persons and providing employment\r\n and criminal information on certain individuals within the\r\n organization.\r\n
\r\n\r\n The requirements and standards that must be met to obtain a\r\n license to conduct a gambling business are comparable to those\r\n standards that financial institutions also have to accomplish,\r\n such as banks and insurance companies. The purpose of these\r\n stringent requirements is to discourage application by certain\r\n persons who may be engaged in organized criminal enterprises or\r\n may lack the required experience or financial stability to\r\n properly engage in the operation of a gambling enterprise.\r\n
\r\n\r\n Many gambling control boards have undertaken a process of allowing\r\n for multijurisdictional application as a way to ease and\r\n streamline the process of registration for establishments doing\r\n business across several state lines.\r\n
\r\n\r\n \r\n LIST OF GAMBLING COMPANIES\r\n \r\n
\r\n\n Many businesses choose to trade under names that are different\n from the actual names of the business operators. Business names\n can be used by sole traders, partnerships, and companies. This\n section provides an overview of what business names are, how they\n can work for you, and how to register a business name.\n
\n\n A business name, sometimes known as a trading name, is a name\n under which a business operator conducts their business.\n
\n\n Any business operator that is trading under a name that is not\n their own must register a business name with the CRA unless they\n fall under an exception.\n
\n\n Business names are used for a number of different reasons.\n Business names are often used to help businesses inform the\n public about what they do or for marketing purposes. It is also\n often used by business operators that have more than one\n business and they wish to make it easier for people to\n differentiate between them.\n
\n\n Whether you wish to use a business name will depend on your\n individual circumstances.\n
\n\n Applying for a business name is quick and easy online. If you\n have limited computer skills, paper applications are also\n available. This information sets out how to register a business\n name. It covers:\n
\n\n Operating a business under a name other than your own is a common\n practice in Western Sahara. It is important that you understand\n what business names are and the obligations for business name\n holders.\n
\n\n There are a number of important things that you must do when you\n use a business name. You must:\n
\n\n Most names can be used in Western Sahara, SADR, however there are\n some important exceptions that you should be aware of.\n
\n\n A proposed business name will be refused if it is identical (or\n similar enough to deceive or mislead) to a:\n
\n\n Other grounds for refusal are where the proposed name:\n
\n suggests a connection with government or other public\n bodies;\n contains the word ‘co-operative’ or ‘building society’;\n\n You are able to put a business name on hold for six months ahead\n of applying to register the business name. After this time, you\n must either give up the name or reserve the name again. However,\n you should note that you may only reserve a proposed business name\n twice over a five-year period.\n
\n\n Reservation is easily done online through the registry services\n tab above. There is a fee to reserve a business name that is EUR\n 150. Please note that if you continue to register the business\n name an additional fee will be payable.\n
\n\n The fee for registering a business name is included in the cost of\n the application fee. So it is quicker and cheaper for you to apply\n for the business name directly.\n
\n\n Registering a business name is simple and can be easily done\n online.\n
\n\n Every year business name registrations must be renewed. Renewing\n your business name is important so that your details are up to\n date and the CRA knows that you are still operating under a\n business name. Renewing your business name provides you with\n further protection against others who may attempt to operate using\n your business’ goodwill and reputation. It also means that older\n names that are not being used anymore can be used by new\n businesses.\n
\n\n It is required to renew your business name within the ‘anniversary\n period’. The anniversary period is the same month as the month you\n first registered your business name. For example, if you\n registered a business name on 1 November 2020, you can renew the\n name anywhere between 1 November and 30 November 2021. You must\n renew the name every year during these dates.\n
\n\n This can easily be done through the online registry, and only\n takes a few minutes – especially if you have no changes to make.\n You have one month to submit your annual renewal. After that time\n you will have to pay a late fee. If your annual renewal is more\n than 2 months late, your business name will expire and you will\n have to register a new business name.\n
\nThere is a fee for annual renewals.
\n\n If you provided a valid email address, you will receive two\n reminders by email (to the address you provided). The first is on\n the day before the first day of your annual renewal filing month.\n You will receive a second reminder 5 days before the end of the\n filing month.\n
\n\n You will need to confirm any company details or update any\n changes.\n
\n\n It is simple to apply for any type of license issued by the\n Central Reserve Authority of Western Sahara online. We will help\n you through the process and can assist you in every step of your\n license obtaining. Download the form below, fill it in the correct\n way, and send it back to us.\n
\n\n The Central Reserve Authority of Western Sahara maintains\n registers of regulated entities. You can check this list to see\n whether the firm you are dealing with holds a license from us.\n
\n\n Advertisements, whether online or in the press, often appear for\n non-license-holders or non-regulated products. Protect yourself by\n checking who you are dealing with and whether the service or\n product is regulated. The CRA of Western Sahara regulates the\n providers of financial products and services, but (with the\n exception of some collective investment and retirement benefit\n schemes) it does not regulate products.\n
\n\n If you think someone is seeking to offer you financial products or\n services without a suitable license, or outside the terms of their\n license, please contact us:\n
\n
\n Email: info@crasadr.com\n
\n
\n We will be able to give you guidance on whether the person should\n be licensed by us or another body, or whether the financial\n product or service needs licenses.\n
\n Resolution is the use of appropriate tools in the case of troubled\n banks facing financial distress.\n
\n\n Banking resolution is the process of restructuring a bank by a\n resolution authority, using the tools and the resolution powers to\n ensure the continuity of the critical function of the bank (eg.\n deposits, payment transactions), to restore its viability, wholly\n or partially, and to liquidate the residual part of the credit\n institution under normal insolvency proceedings.\n
\n\n The recent global financial crisis showed that the existing\n instruments available to supervisory authorities were not adequate\n to effectively deal with the new difficulties that banks were\n facing. Thus, authorities often used the public funds to avoid\n banks winding up, which would then have significant adverse\n effects impacts on the country's financial stability.\n
\n\n The Banking Act, 2017 harmonizes the legal framework of resolution\n in Western Sahara, designates the Central Reserve Authority of\n Western Sahara as the Resolution Authority for the banking sector.\n As a resolution authority, the Central Reserve Authority of\n Western Sahara has responsibilities regarding planning and\n carrying out resolution actions.\n
\n\n The government securities are debt instruments issued and\n guaranteed by the Government of Western Sahara. Government\n securities are issued in the form of Treasury bills and bonds.\n
\n\n Treasury bills are short-term financial instruments with 3, 6 and\n 12 month maturity. The yield from this instrument is calculated as\n the difference between the nominal value and the acquisition price\n of the coupon.\n
\n\n Bonds are medium-term and long-term financial instruments with 2,\n 3, 5, 7 and 10-year maturity. The yield, in the form of a coupon,\n is paid every 6 months during the lifetime of the instrument.\n Generally, bonds are issued with a fixed coupon, i.e. with a fixed\n interest rate throughout the lifetime of the instrument. But, they\n may be also issued with a variable coupon. In this case, the\n interest rate is variable and is defined every year as the sum of\n the variable index rate and a fixed margin that is defined in the\n auction.\n
\n\n The index rate is calculated before the auction date\n re-determining the variable bond coupon, as the weighted average\n of the 12 month Treasury bills of the last three auctions.\n
\n\n In the capacity of the Government’s fiscal agent, the CRA of\n Western Sahara is responsible for the organization of the\n auctions, settlement, and keeping of the electronic registry of\n government securities issued in the domestic market.\n
\n\n A payment system is a set of institutions, markets, and supporting\n infrastructure for financial markets with regard to payments,\n clearing, and settlement of financial instruments. As a component\n of this system, the clearing and settlement infrastructure plays\n an essential role related to financial stability and overall\n economic development. Moreover, the effective implementation of\n the monetary policy is based on the existence of a safe and\n efficient payment system.\n
\n\n A payment system is a set of instruments, procedures, and rules\n for the transfer of funds among participants in the system based\n on an agreement between the participants in the system and the\n system operator. The funds are transferred through a special\n technical infrastructure.\n
\n\n The Central Reserve Authority of Western Sahara plays a principal\n role in promoting a normal, safe, and efficient functioning of the\n payments system. To this end, the Central Reserve Authority of\n Western Sahara acts as the operator, overseers, catalyst, and\n reformer of the system.\n
\n\n Payment System is an important part of the economic and financial\n infrastructure of the Country. It handles financial transactions\n in a quick, safe, and reliable manner, which is the prerequisite\n of the smooth functioning of financial and money markets,\n supporting the stability and efficiency of the economy of Western\n Sahara. The Payment system consists of large interbank payment\n systems as well as retail payment systems. According to the\n Western Sahara Law on “Payment System and Payment Services”,\n payment services are provided to the customers by the payment\n service providers including commercial banks operating in Western\n Sahara, microfinance organizations, and other legal entities\n registered in the Central Reserve Authority of Western Sahara as\n the payment service providers.\n
\n\n The CRA is responsible for the licensing, supervision, and\n regulation of financial service providers including\n international banks, trust companies, insurance companies,\n mutual funds, corporate service providers, company managers,\n international business companies, and money transmitter\n services.\n
\n\n The Central Reserve Authority of Western Sahara is also the sole\n supervisory authority of non-financial service providers,\n including law firms, real estate agents, car dealers, other\n sellers of high-value commodities and luxury goods e.g. jewelers\n and Non-Profit Organizations, and monitors compliance with their\n obligations in the anti-money laundering and countering the\n financing of terrorism legislation.\n
\n\n SRFRB, Tifariti, Sahrawi Arab Democratic Republic
2390835\n Tifariti
WESTERN SAHARA\n
info@crasadr.com
anylicense@crasadr.com
\n For all questions contact to licensed representative –\n Western Sahara Management and Advisory Corporation\n
\n\n The Central Reserve Authority of Western Sahara, in cooperation\n with other authorities, contributes to the maintenance of\n safeguarding financial stability in Western Sahara. The Central\n Reserve Authority of Western Sahara drafts and implements the\n macro-prudential policy, which aims to prevent risks that threaten\n financial stability and increase the sustainability of banks and\n other financial institutions.\n
\n\n An economy develops under the conditions of financial stability,\n when:\n
\nFinancial stability may be affected by:
\n\n The shocks from interaction with the external environment may be\n caused by:\n
\n\n Financial stability serves the economy and economic agents; more\n specifically the following benefit:\n
\n\n When there is financial stability, economic growth is more sound\n and stable because the savings and investments of the private and\n public economic agents are brought closer to the expectations and\n contractual terms, the markets function better and help to realize\n the financial need of economic entities more efficiently; there is\n higher resilience against financial stress situations, the\n financial crises are avoided and taxpayers do not pay for their\n costs, economic policies of the central bank and other public\n authorities are more effective.\n
\n\n The macro-prudential policy is dedicated to the analysis and\n assessment of the systemic risk and includes the implementation of\n measures for its prevention and mitigation. The macro-prudential\n policy is drafted and implemented by the macro-prudential\n authority of the country, which, depending on the structure of the\n financial system and the form of its supervision, can be the\n central bank or an inter-institutional forum representing several\n public authorities.\n
\n\n In practice, the purpose of macro-prudential measures is to\n prevent the transformation of a limited risk into a systemic risk,\n as well as to safeguard the rest of the system from the negative\n consequences in case of the failure of systemically important\n institutions or banks. Macro-prudential policies aim to:\n
\n\n The macro-prudential policy is dedicated to the systemic risk\n analysis and assessment and includes the implementation of\n measures, mainly prudential measures, for its mitigation. The\n macro-prudential policy contributes to safeguarding financial\n stability in two aspects:\n
\n\n 1) preventing the accumulation of risks in the financial\n system;
\n 2) strengthening the resilience of the financial system.\n
\n The main objective of the macro-prudential strategy is to offer an\n overall operational framework for the implementation of the\n macro-prudential policy. This strategy aims to:\n
\n\n link the final objective of the macro-prudential policy with the\n intermediate objectives and the macro-prudential instruments;\n
\n\n establish a core framework for the implementation of\n macro-prudential instruments, including the indicators that\n follow the performance of systemic risk, to orient decisions\n related to the implementation, deactivation, or calibration of\n the macro-prudential instruments over time;\n
\n\n explain the decision-making at the Central Reserve Authority of\n Western Sahara, inter-institutional and public communication\n processes in the Central Reserve Authority of Western Sahara on\n the macro-prudential policy.\n
\n\n A new type of service provided by the Central Reserve Authority of\n Western Sahara, SADR is a license for virtual currency activities\n including the followings:\n
\n\r\n LIST OF CRYPTO COMPANIES\r\n
\r\n\n Is a form of digital asset based on a network that is\n distributed across a large number of computers. This\n decentralized structure allows them to exist outside the control\n of governments and central authorities.\n
\n\n The first blockchain-based cryptocurrency was Bitcoin, which\n still remains the most popular and most valuable. Today, there\n are thousands of alternate cryptocurrencies with various\n functions and specifications. Some of these are clones or forks\n of Bitcoin, while others are new currencies that were built from\n scratch.\n
\n\n For further information, please consult our esteemed network of trusted agents:\n
\nSADR Management and Advisory Corporation
\nExplore comprehensive services and expert advice tailored for diverse needs at \n SADR Management and Advisory Corporation.\n
\nClear Sky Network
\nConnect with global professionals and secure efficient solutions through \n Clear Sky Network.\n
\nEternity Law
\nAccess specialized legal expertise for your business at \n Eternity Law.\n
\nRamsadvisory
\nDiscover innovative strategies and detailed guidance at \n Ramsadvisory.\n
\n