The regional financial market (Mfr) of Umoa has just completed a quarter of a century. An opportunity for the President of the Regional Council for Public Savings and Financial Markets (Crepmf) to review the achievements during this period.

July 3, 1996- July 3, 2021, 25 years since the regional financial market was created by the Heads of State of the Union with the aim of providing the community space with a market that meets three (3) major objectives , namely raising the Union's savings rate by diversifying financial products, strengthening the financial structure of Union companies, and reducing the costs of financial intermediation through a stock market direct relationship between supply and demand for capital. To this end, the Crepmf-Umoa, instituted as a regulatory body and supervisory authority of the Mfr by the signing, on July 3, 1996, of an agreement between the Member States, has as its main missions the organization and protection of the public offering, authorization and control of commercial participants, monitoring and regulation of stock market transactions, regulation of the operation of the Mfr and the taking of administrative, pecuniary or disciplinary sanctions against offenders to regulatory provisions.

According to Badanan Patoki, over the past twenty-five (25) years, major reforms have been implemented, in particular the shortening of the settlement/delivery period (from T + 5 days to T + 3 days), the introduction of financial rating on the financial market, transition from listing to fixing to continuous listing, review of the regulatory framework for collective management, establishment of the mortgage and securitization market, implementation of the third compartment of the Brvm dedicated to SMEs with a minimum share capital required set at ten (10) million FCFA as well as the adoption of a regulatory framework relating to the issuance of green, social and sustainable bonds.