Regulatory
Rwanda gives nod to KCB to buy bank from Atlas Mara
Rwandese authorities have approved the KCB Group deal to buy Banque Populaire du Rwanda (BPR) from London-listed financial services firm Atlas Mara Limited. ...
Kenya
Kenya Issues Draft Regulations for Crowdfunding Platforms
The Cabinet Secretary for National Treasury and Planning has published regulations that require all persons who operate or intend to operate an investment-based ...
Regulatory
Uganda shuts down 2.2 million mobile money accounts
The Uganda Communications Commission (UCC) has revealed in its Market Performance quarterly report that about 2.2 million inactive mobile money accounts were removed ...
Global
National Bank of Ukraine issues accreditation to Paysera
The National Bank of Ukraine has included fintech Paysera in the country’s Register of Payment Systems. After technical preparation, the company will be able to offer faster ...
Global
Central Bank of the UAE issues retail payment services and card schemes regulation
The Central Bank of the UAE (CBUAE) has unveiled the Retail Payment Services and Card Schemes Regulation, the fourth regulation in the enhancement journey as ...
Global
US-based regulators consult on third-party relationships guidance
The US-based federal bank regulatory agencies have requested public comment on proposed guidance designed to help banking organisations manage risks associated with third-party relationships. This ...
Kenya
Kenya: CMA Pushes Kenyan Firms to Acquire Bank-Backed Guarantees in Bond Issue
Kenya’s Capital Markets Authority (CMA) is working on new measures to revive the troubled corporate bond market that will see companies with weaker ...
Regulatory
South Africa: Sabric Cautions Against Accepting Dye-Stained Notes
The South African Banking Risk Information Centre (SABRIC) has cautioned people against accepting dye-stained notes as legal tender, as the onward use and ...
Global
IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments
The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central ...
Global
U.S. regulators meet to discuss stablecoins – U.S. Treasury Secretary
As authorities begin to take more notice of the rapidly expanding class of digital currencies, U.S. Treasury Secretary Janet Yellen has stated that ...