Regulatory
Bank of China Regulations Leave Little Room for Private Stablecoins
Numerous central bank digital currencies (CBDCs) are under development, meaning that various countries are planning to issue a digital asset tied to their ...
Regulatory
CBN reviews appointment requirements for CCOs in Banks
The Central Bank of Nigeria (CBN) has reviewed the appointment criteria for Chief Compliance Officers in Merchant Banks and Regional Banks (Commercial and ...
Regulatory
CBN Reviews Requirement for Banks’ Chief Compliance Officers’ Appointment
The Central Bank of Nigeria (CBN) has reviewed the requirement for the appointment of chief compliance officers (CCOs) by banks. The central bank ...
Regulatory
CBN receives 2,051 fraud-related complaints in 6 months
The Central Bank of Nigeria (CBN) has received 2,051 frauds, ATM card, electronic transactions and excess charges related complaints from bank customers between ...
Regulatory
Fintech giant Ant Group wins approval from China’s securities regulator for jumbo IPO in Hong Kong
Ant Group has won approval from the China Securities Regulatory Commission (CSRC) for its blockbuster initial public offering in Hong Kong, according to ...
Regulatory
FSB releases recommendations to regulate ‘global stablecoins’ such as Libra
The G20’s financial watchdog, the Financial Stability Board (FSB), has published regulatory recommendations opposing the trans-national ambitions of “global stablecoins,” such as Facebook’s Libra ...
Regulatory
CBN to sanction exporters who default on export proceed number
The Central Bank of Nigeria (CBN), has moved to sanction exporters who ship out goods without Nigerian Export Proceed (NXP) numbers. While making ...
Global
IMF, World Bank, G20 Countries to Create Central Bank Digital Currency Rules
International financial authorities and 20 of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies. The Group ...
Regulatory
UK FCA turns the screws on compliance in work-from-home environment
The Financial Conduct Authority has warned banks that they must now provide the same standard of surveillance of staff working from home as ...
Regulatory
NITDA to tighten nose on data protection through new Bill
The National Info Technology Development Agency (NITDA), is to send a new Bill on Data Protection to the National Assembly, and if passed into law, ...
