Regulatory
Global: Over Half of Crypto Ads on Facebook Are Scams or Policy Violations, Australian Watchdog Reports
Australia’s competition watchdog has revealed that more than half of the cryptocurrency ads on Facebook breach Meta’s advertising policies or are outright scams. ...
Nigeria
Nigeria: MPC Raises Concerns Over Fiscal Policies’ Impact on Inflation Control
Members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) have voiced concerns that certain fiscal policies are undermining ...
Nigeria
Nigeria: Senate Proposes N50 Million Fine for Unlicensed Insurance Firms
The Nigerian Senate has put forward a proposal for a N50 million fine or a two-year prison sentence, or both, for principal officers ...
Regulatory
Global: European Banks Express ‘Serious Concerns’ Over UK’s Transaction Fee Cap Proposal
European banks have raised significant concerns regarding the U.K.’s proposal to cap international digital transaction fees, a move they deem potentially harmful to ...
Regulatory
Global: Regulatory Scrutiny of Chatbots Intensifies as Banks Recognize Their Value
Banks have long utilized chatbots as digital customer assistants to help consumers access data and transaction details through text-based interactions and integrated voice ...
Regulatory
Global: CFPB and American Fintech Council Outline AI Regulatory Positions to Treasury
In response to a Treasury request for information on the use, opportunities, and risks of artificial intelligence (AI) in the financial services sector, ...
Regulatory
Global: MAS Partners with Banks and Tech Firms to Enhance Quantum Security
In February 2024, the Monetary Authority of Singapore (MAS) issued an advisory to financial institutions highlighting the cybersecurity risks posed by quantum technology. ...
Nigeria
Nigeria: NDIC Expedites Compensation for Heritage Bank Depositors Following License Revocation
The Nigeria Deposit Insurance Corporation (NDIC) has swiftly disbursed 82.36% of insured deposits to customers of the recently liquidated Heritage Bank. This comes ...
Nigeria
Nigeria: SEC approves extension of Access Holdings rights issue
The Securities and Exchange Commission has approved the extension of the rights issue of Access Holdings Plc to August 23. A statement from ...
Nigeria
Nigeria to Auction ₦190 Billion in Reopened Bonds in August
The Nigerian Debt Management Office (DMO) has announced plans to auction ₦190 billion in reopened bonds next week. This move is part of ...
