Regulatory
Global: Basel Committee Proposes Revisions to Criteria for Preferential Risk Treatment of Stablecoins
The Basel Committee for Banking Supervision (BCBS) has put forth proposed changes to the criteria governing the preferential risk treatment of stablecoins compared ...
Regulatory
Global: IMF Chief Advocates Regulatory Framework and Infrastructure to Mitigate Crypto Risks
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), emphasized the imperative need for regulations and infrastructure to address the risks ...
Nigeria
Nigeria: Alert Microfinance Bank Secures State Licence Approval from CBN
Alert Microfinance Bank, a deposit-taking institution licensed by the Central Bank of Nigeria (CBN), has announced the receipt of a state licence approval ...
Regulatory
Global: UK Payments Regulator Proposes Interchange Fee Cap to Safeguard Businesses
The Payment Systems Regulator (PSR) is introducing a proposal to impose a cap on cross-border interchange fees for credit and debit cards to ...
Nigeria
Nigeria: CBN Set to Uphold Tight Monetary Policy Measures in 2024
Analysts predict that the Central Bank of Nigeria (CBN) is poised to maintain a tight monetary policy in 2024 as a strategic move ...
Regulatory
Global: Crypto Skills Shortage Challenges FCA’s Regulatory Efforts, Reveals National Audit Office Report
The Financial Conduct Authority (FCA) faced delays in registering crypto-asset firms under money laundering regulations in 2021 due to a shortage of crypto ...
Nigeria
Nigeria: Finance Minister Advocates Fiscal Policy Review and Tax Reforms for Nigeria’s Economic Revitalization
Mr. Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, has emphasized the urgent need for a comprehensive review of ...
Regulatory
Global: Reserve Bank of India Unveils Ambitious Plans for Fintech Repository and Cloud Infrastructure
The Reserve Bank of India (RBI) has revealed its strategic initiatives to launch a fintech repository and a state-of-the-art cloud facility for financial ...
Nigeria
Nigeria: CBN Halts Charges on Cash Deposits Above N500k Until April 2024
The Central Bank of Nigeria (CBN) has announced the suspension of processing fees on cash deposits exceeding N500,000, extending this relief measure until ...
Nigeria
Nigeria: NAICOM Urges Insurance Firm Directors to Uphold Ethical Standards
Directors of insurance firms have been encouraged by the National Insurance Commission (NAICOM) to adhere to ethical standards in their operations. Speaking at ...