In a significant move toward stronger oversight of Tunisia’s financial and insurance sectors, the Financial Market Council (CMF) and the General Insurance Committee (CGA) have signed a formal cooperation and information exchange agreement, signaling a new era of inter-agency coordination.
The agreement was signed during a ceremony held at the CGA headquarters, with Jouda Khemiri, president of the CGA, and Hatem Smiri, president of the CMF, officiating the event. Senior officials from both institutions were present to mark the occasion.
According to the joint statement released Thursday, the agreement aims to enhance transparency, regulatory efficiency, and supervision through closer collaboration between the two authorities. The partnership establishes an operational framework that includes coordinated inspection missions, routine data sharing, joint statistical tracking, and targeted efforts to ensure compliance with laws concerning money laundering, terrorism financing, and arms proliferation.
Beyond regulatory cooperation, the pact also lays the groundwork for joint training programs, technical exchanges, and regular consultations on new or evolving legislative and regulatory frameworks. It also opens the door to future collaboration on digital finance development and modernization of supervisory tools.
This initiative is part of a broader strategy to fortify Tunisia’s financial system, improve governance, and better protect investors and policyholders. It reflects the shared commitment of both institutions to align with international regulatory standards and to support sustainable financial stability in the country.
TunisianMonitorOnline (Editorial Staff)
