Regulatory
Global: Bank of England Ready to Step In with CBDC if Commercial Banks Don’t Innovate
The Bank of England may need to introduce a retail central bank digital currency (CBDC) if commercial banks fail to drive innovation in ...
Regulatory
Global: Hong Kong Introduces Dual-Track Policy for AI in Financial Services, Prepares for Crypto OTC Regulations
Hong Kong’s Financial Services and Treasury Bureau (FSTB) has introduced a dual-track policy for artificial intelligence (AI) use within the financial sector, aiming ...
Nigeria
Nigeria: Senate Urges NDIC to Maximize Heritage Bank’s Asset Value for Depositors
The Nigerian Senate has urged the Nigeria Deposit Insurance Corporation (NDIC) to ensure the highest possible value is realized from the remaining assets ...
Nigeria
Nigeria: SEC DG to Address Capital Market’s Role in Wealth Creation at Upcoming Summit
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, is set to headline the 13th Annual Conference of the Institute ...
Regulatory
Global: BIS’s Project Mandala Proves Feasibility of Automated Cross-Border Compliance Using Zero-Knowledge Proofs
Project Mandala, led by the Bank for International Settlements (BIS) and partnered with central banks from multiple nations, is showcasing how automated compliance ...
Nigeria
Nigerian Banking Sector Achieves N7.91 Trillion Market Cap Amid New Recapitalization Wave
Nigerian bank stocks on the Nigerian Exchange Limited (NGX) reached a market capitalization of N7.91 trillion as of Friday’s close, fueled by renewed ...
Regulatory
Global: Bank of England Advocates for Retail CBDC to Bridge Innovation Gap in Banking
Bank of England Governor Andrew Bailey has reiterated his support for a retail central bank digital currency (CBDC), emphasizing that central banks may ...
Nigeria
Nigeria: Cardoso Reports Active Consultations to Remove Nigeria from FATF Money Laundering Watchlist
The Central Bank of Nigeria (CBN) announced on Saturday that it has been engaged in consultations since February 2023 to secure Nigeria’s removal ...
Nigeria
Nigeria: Rebasing Nigeria’s Economy to Enhance Data Accuracy – NBS
The National Bureau of Statistics (NBS) has announced that its planned rebasing of Nigeria’s Gross Domestic Product (GDP) will provide a more accurate ...
Regulatory
Global: How Digital Bonds Could Reshape Debt Markets and Lower Borrowing Costs
The introduction of government-issued blockchain-based bonds, known as digital gilts, could transform global debt markets by reducing borrowing costs and enabling new trading ...
