In light of the COVID-19 pandemic, the Central Bank of Nigeria has extended by one year, commencement dates for revised minimum capital requirements for microfinance banks (MFBs) in the country.
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The Bank of Lithuania issues Guidelines on Security Token Offering
The Bank of Lithuania has issued Guidelines on Security Token Offering (STO), becoming one of the first market regulators in the world to do so. The Guidelines focus on -
Bank of England proposes data reforms across the UK financial sector
The Bank of England has published a discussion paper, “Transforming data collection from the UK financial sector.” The paper is aimed at improving the timeliness and effectiveness of data -
Australia: Reporting Standard ARS 117.1 Interest Rate Risk in the Banking Book
The Australian Prudential Regulation Authority (APRA) has remade the Reporting Standard ARS 117.1 Interest Rate Risk in the Banking Book (IRRBB) (ARS 117.1), which was due to expire on October -
Banking Regulation & Developments: The Week of April 30, 2018
This review highlights regulatory interventions by supervisory authorities from around the world. 1) UNITED STATES The Office of the Comptroller of the Currency – Appraisal Threshold for Commercial
December 1, 2019
Regulation of Mortgage Guarantee Companies in Nigeria
The Central Bank of Nigeria has published final Regulation for the Operations of Mortgage Guarantee Companies in Nigeria (Guideline). The Guideline prescribes the basic requirements for the business of providing mortgage guarantees to mortgage lenders. It sets the capital requirements for the Mortgage Guarantee Companies (MGCs). In addition, Africa
December 1, 2019
Isle of Man: Financial Services Authority amends AML/CFT Handbook
The Finacial Services Authority has amended the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Handbook. The regulator introduced the amendments partly to reflect the Financial Action Task Force’s statement entitled ‘Improving AML/CFT Compliance: Update on Ongoing Process.’ Full details of the amendments are available here. Europe
November 27, 2019
New Brunswick: Financial regulator launches unclaimed property program
The provincial government has introduced a new Unclaimed Property Act, which includes the creation of an unclaimed property program. The program, to be administered by the Financial and Consumer Services Commission, is expected to assist to protect New Brunswickers. It is also expected to facilitate the injection of North America
November 27, 2019
FSB: Updated regulatory framework for haircuts on OTC securities financing transactions
The Financial Stability Board has published updated regulatory framework for haircuts on certain non-centrally cleared securities financing transactions (SFTs). The framework aims to address financial stability risks associated with SFTs. The framework outlines numerical haircut floors applicable to non-bank-to-non-bank SFTs. Photo Credit: Pixabay Other