Regulatory
Global: FCA Reminds Financial Services Firms and Influencers to Adhere to Social Media Ad Laws
The UK’s Financial Conduct Authority (FCA) has issued a warning to financial services firms and “finfluencers,” urging them to ensure that their social ...
Nigeria
Nigeria: CBN Urges Swift Action on Recapitalization for Banks
The Central Bank of Nigeria (CBN) has urged Deposit Money Banks (DMBs) across the country to expedite their efforts to bolster their capital ...
Nigeria
Nigeria: CBN Reduces BDC Exchange Rate to N1,270/$
The Central Bank of Nigeria (CBN) has implemented a 3.4 percent reduction in the exchange rate within the Bureaux De Change (BDC) segment ...
Regulatory
Global: US Imposes Sanctions on Russia-Linked Fintechs Over Crypto Services
The US government has announced sanctions on 13 fintech companies for providing cryptocurrency-based services to Russian entities seeking to evade economic restrictions amid ...
Regulatory
Global: China to Introduce New Regulations on Market Access and Data Flows
Premier Li Keqiang announced on Sunday that China is set to carefully review issues related to market access and cross-border data flows, with ...
Regulatory
Global: HFSC Chairman Patrick McHenry Advocates for Transparency in Financial Regulation
House Financial Services Committee (HFSC) Chairman Patrick McHenry (R-N.C.) voiced concerns on Thursday (March 21) regarding the Basel III Endgame proposal and other ...
Nigeria
Nigeria: Naira Surges by 4.55% as CBN Resolves FX Backlog
Following the Central Bank of Nigeria’s (CBN) clearance of outstanding foreign exchange orders, the naira has appreciated by 4.55%, reaching N1,492.61 per dollar. ...
Regulatory
Global: European Commission to Scrutinize Apple and Google Compliance with DMA
Reports suggest that the European Commission (EC) is gearing up to initiate thorough investigations into tech giants Apple and Google to assess their ...
Regulatory
Global: Genesis Settles with SEC, Agrees to $21 Million Fine for Unregistered Securities Offer
Genesis has reached a settlement with the Securities and Exchange Commission (SEC), agreeing to pay a civil penalty of $21 million for the ...
Nigeria
Nigeria: CBN Successfully Clears Valid FX Transactions, Resolving Legacy Backlog
The Central Bank of Nigeria (CBN) has achieved a significant milestone by settling all valid foreign exchange backlogs, effectively eliminating a legacy backlog ...
