Nigeria
Nigeria: CBN Reduces Loan-to-Deposit Ratio to 50% to Tighten Monetary Policy
In a move to further tighten monetary policy, the Central Bank of Nigeria (CBN) has announced a significant reduction in the Loan-to-Deposit Ratio ...
Regulatory
Global: Canada Commits to Open Banking Legislation with FCAC Oversight
The Canadian government has announced plans to introduce open banking legislation by the end of this year, with the Financial Consumer Agency of ...
Regulatory
Global: G20 Financial Regulator Recommends Increased Liquidity Reserves for Non-Bank Entities
The Financial Stability Board (FSB), a G20 financial watchdog, has suggested that non-bank financial entities such as insurers, hedge funds, family offices, and ...
Regulatory
Global: European Banking Federation Advocates for Streamlined Regulations and Strategic Recognition for Banks
The European Banking Federation (EBF) has made a call to the European Union (EU) to streamline banking regulations and to officially recognize banks ...
Regulatory
Global: UK to Introduce New Crypto Regulations by July
The UK Treasury has announced plans to unveil a regulatory framework for cryptocurrencies and stablecoins by July. This initiative is part of a ...
Nigeria
Nigeria: Finance Ministry Launches New System to Track Tax Exemptions
The Federal Ministry of Finance has introduced the Incentive Monitoring and Evaluation Platform (IMEP), a sophisticated digital system aimed at improving the management ...
Nigeria
Nigeria: NGX to Leverage Technology in Banking Sector Recapitalization
The Nigerian Exchange Group (NGX Group) has announced plans to utilize technology to facilitate the capital-raising activities of financial institutions aiming to meet ...
Regulatory
Global: UK Government Launches Open Finance Task Force
Bim Ofolami, the Economic Secretary to the Treasury for the UK government, has revealed the creation of an open finance task force during ...
Regulatory
Global: UK Banks Begin Experimentation Stage for Regulated Liability Network
Leading UK financial institutions are advancing into the experimentation phase of the Regulated Liability Network (RLN), a proposed financial infrastructure that supports programmable ...
Regulatory
Global: AI Companies’ Regulatory Evasion Efforts Meet Skepticism from Antitrust Authorities
Attempts by AI firms to advocate for a lax regulatory approach have met with skepticism from antitrust regulators, according to recent remarks from ...