Regulatory
Global: FSB Calls for Enhanced Oversight to Address AI Vulnerabilities
The Financial Stability Board (FSB), an international organization overseeing the global financial system, has emphasized the need for stricter regulatory oversight to manage ...
Regulatory
Global: Fintech Central to UK’s Financial Services Growth Strategy – Chancellor Reeves
In her inaugural Mansion House speech as Chancellor, Rachel Reeves announced plans to position fintech at the core of the UK’s financial services ...
Africa
Africa: Starlink Gains Approval to Enhance Chad’s Digital Connectivity with Satellite Internet
Starlink, a division of SpaceX, has received approval to launch its high-speed satellite Internet services in Chad, marking a significant step in strengthening ...
Nigeria
Nigeria’s CBN Strengthens Financial Inclusion Drive with Launch of We-Fi Code and Dashboard
The Central Bank of Nigeria (CBN) has reinforced its commitment to advancing financial inclusion as a foundation for economic growth, unveiling the We-Fi ...
Regulatory
Global: NatWest Blocks WhatsApp on Work Devices
NatWest has recently restricted the use of unapproved messaging apps, including WhatsApp, on employee work devices. The move aligns with the bank’s policy ...
Regulatory
Global: Fed Governor Waller: No Current Need for a Central Bank Digital Currency (CBDC)
Federal Reserve Governor Christopher J. Waller stated that the evolution of payment systems should be primarily driven by the private sector, with the ...
Nigeria
Nigeria: Money Market Rates Surge Amid Liquidity Squeeze Due to CRR Debits
Money market rates surged to double-digit highs this week, driven by a liquidity squeeze in the banking sector. Opening with a liquidity deficit ...
Nigeria
Nigeria: Lotus Bank Achieves CBN’s Minimum Capital Requirement Ahead of New Mandate
Lotus Bank Limited, Nigeria’s pioneering non-interest bank, has confirmed it has met the Central Bank of Nigeria’s (CBN) updated minimum capital requirement for ...
Regulatory
Global: UK Financial Regulators Establish New Rules for Oversight of Critical Third-Party Tech Providers
The UK’s financial regulators have announced new measures for overseeing third-party technology providers that are critical to the financial sector. The move by ...
Regulatory
Global: EU Regulators Warn Apple Over Geo-Blocking Practices
The European Commission and the Consumer Protection Cooperation Network have issued a warning to Apple, demanding that it address geo-blocking practices affecting certain ...