The Financial Market Council (CMF) and the General Insurance Committee (CGA) have formalized the signing of a cooperation and information exchange agreement, marking a new step in the coordination between the regulators of the financial and insurance sectors in Tunisia, according to a statement published on Thursday, July 24.
Signed by Jouda Khemiri, president of the CGA, and Hatem Smiri, president of the CMF, this agreement was concluded during a ceremony held at the headquarters of the General Insurance Committee, in the presence of several executives from both institutions. It aims to strengthen the efficiency and transparency in supervising financial market and insurance actors, relying on better synergy between the two authorities.
This partnership lays the foundation for an operational framework of collaboration, covering coordination during joint inspection missions, regular exchange of data and strategic information, as well as the collection of statistics useful for supervision. Special attention is given to compliance with legal provisions regarding money laundering, terrorism financing, and arms proliferation.
Beyond the regulatory aspect, the agreement also provides for the implementation of joint training programs, exchange of technical expertise, as well as regular consultation on legislative and regulatory texts. It also paves the way for collaboration on the development of digital financial services and the modernization of supervision tools.
This initiative is part of a common dynamic to strengthen the solidity of the Tunisian financial system, through enhanced governance, more integrated supervision, and better protection of investors and policyholders. It also reflects the commitment of the two institutions to align with international standards and promote sustainable financial stability.
