Our Vision and Our Purpose
The Central Reserve Authority of Western Sahara is committed to the effective regulation and supervision of Western Sahara’s financial services sector by upholding internationally recognized standards of compliance, thereby positioning the jurisdiction as the preeminent financial center in the financial services arena.
We would like to introduce to you new world space for doing offshore business
At the Central Reserve Authority of Western Sahara, we dedicate ourselves to regulating and supervising the financial services sector. By aligning with international compliance standards, our vision is to establish Western Sahara as a premier financial center.
Established in 2017, the Central Reserve Authority manages and supervises the international financial services industry and non-bank institutions in Western Sahara. The authority consolidates regulation and supervision under a single body, aligning with international trends.
Institutional Framework
At the institutional level, the Central Reserve Authority of Western Sahara, in accordance with the legal hierarchy of the objectives regarding the policies and the functions it implements, ensures their maximal synergy. For this purpose, the organization of the internal institutional structure supports the definition of responsibilities at each stage of drafting and implementing policies and promotes the timely exchange of information and critical assessments. As a result of this process, the final decision-making of the Central Reserve Authority of Western Sahara is expected to be well informed and to reflect the contribution by the relevant policies.
The Central Reserve Authority of Western Sahara’s structures that are more directly and sequentially involved in the implementation of the macro-prudential policy are:
Financial Stability Department
Monitors systemic risk indicators, develops the methodologies for its assessment and the operationalization of macro-prudential instruments; proposes the Financial Stability Advisory Committee the instrument and manner of implementation, monitors the impact of the instrument, prepares reports and analyses for the systemic risk performance, as well as assesses the stability of the financial system
Financial Stability Advisory Committee
Assesses the performance of systemic risk, selects the macro-prudential instrument and determines its implementation; monitors the coordination of work for discussion within the institution and the preparation of legal and sub-legal acts necessary for the implementation of the instrument; formulates the macro-prudential stances for the Governor or the Supervisory Council in the framework of the Central Reserve Authority of Western Sahara’s role in safeguarding financial stability;
The Governor
Communicates the stance of the Central Reserve Authority of Western Sahara on systemic risks and the financial system stability, and decides on the implementation of the macro-prudential instrument if this is possible according to the decision-making procedures;
Supervisory Council
Reviews and approves the reports and analyses of the Central Reserve Authority of Western Sahara on the assessment of the financial stability situation; is informed on the assessments on the manner of implementation of the macro-prudential policy; approves sub-legal acts necessary for the implementation of the relevant instruments of macro-prudential policy.
Get started with a financial license in
Sahrawi Arab Democratic Republic!
Looking for help? Get in touch with us
