Regulatory
Global: UK Government Launches Open Finance Task Force
Bim Ofolami, the Economic Secretary to the Treasury for the UK government, has revealed the creation of an open finance task force during ...
Regulatory
Global: UK Banks Begin Experimentation Stage for Regulated Liability Network
Leading UK financial institutions are advancing into the experimentation phase of the Regulated Liability Network (RLN), a proposed financial infrastructure that supports programmable ...
Regulatory
Global: AI Companies’ Regulatory Evasion Efforts Meet Skepticism from Antitrust Authorities
Attempts by AI firms to advocate for a lax regulatory approach have met with skepticism from antitrust regulators, according to recent remarks from ...
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 ...
