Regulatory
Global: EC and CFPB Collaborate on AI, BNPL, and Big Tech Financial Risks
In response to growing concerns around Big Tech’s role in financial services, artificial intelligence (AI) in lending, and the burgeoning popularity of buy ...
Nigeria
Nigeria: CBN Reduces Treasury Bill Interest Rates Amid High Demand
The Central Bank of Nigeria (CBN) has adjusted interest rates on long-term treasury bills at the primary market auction due to overwhelming subscriptions ...
Ghana
Ghana Struggles to Secure Debt Restructuring Deal with International Bondholders
Ghana has not succeeded in reaching an agreement on restructuring approximately $13 billion of its external debt with two groups of international bondholders, ...
Regulatory
Global: UK Intensifies Efforts to Enhance AML Regulations, Insights from Credas CEO
Consultation on Enhancing AML Regulations In March, HM Treasury unveiled a consultation to bolster the Money Laundering, Terrorist Financing and Transfer of Funds ...
Regulatory
Global: ECB’s Confidence Grows in Inflation Fight, Villeroy Indicates Rate Cut Likely
According to European Central Bank (ECB) policymaker Francois Villeroy de Galhau, the ECB is becoming increasingly confident in its efforts to combat inflation, ...
Regulatory
Global: European Parliament Approves Stringent Migration Reforms for Enhanced Repatriation
The European Parliament has enacted significant reforms to the EU’s migration and asylum policies aimed at streamlining the repatriation of irregular migrants to ...
Kenya
Kenya: New 20% Excise Duty on Digital Lenders Threatens Financial Inclusion in Kenya
The implementation of a 20% excise duty on digital lenders as part of Kenya’s Finance Bill 2024 is causing significant concern among fintech ...
Kenya
Kenya’s ICT Ministry Pushes for New Digital ID and AI Regulations
Eliud Owalo, Kenya’s Cabinet Secretary for Information and Communication Technology, has announced his ministry’s initiative to propose new legislation aimed at regulating the ...
Regulatory
Global: EU Cracks Down on Biometric Data Misuse Under GDPR Regulations
In the European Union, the hammer is coming down on the misuse of biometric data, as national privacy regulators enforce stringent actions for ...
Regulatory
Global: South Korea’s Central Bank Maintains Cautious Stance on Interest Rates
On Friday, South Korea’s central bank expressed increased caution regarding the inflation outlook and export strength, influencing its decision to maintain the policy ...