Bank Al-Maghrib plans to reform its new risk-free rate – the London Inter-bank Offered Rate. The bank is also considering the launch of a new money market benchmark in Morocco.
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Nigeria: Issuance and treatment of Bankers Acceptances and Commercial Papers
The Central Bank of Nigeria (CBN) has introduced Guidelines on the Issuance and Treatment of Bankers Acceptances (BAs) and Commercial Papers (CPs), aimed at deepening and facilitating the effective and -
Australia: Regulating governance, culture, remuneration and accountability risks
The Australian Prudential Regulation Authority (APRA) plans to intensify efforts to lift standards of governance, culture, remuneration and accountability (GCRA) across the industries it regulates. APRA’s intensified approach to -
COVID-19: Bank of Uganda issues credit relief measures to mitigate economic impacts
The Bank of Uganda has introduced credit relief measures to mitigate the adverse effects of the COVID-19 pandemic. The relief measures are also aimed at promoting financial and operational resilience -
Malta: MFSA addresses ICT risk and cybersecurity
The Malta Financial Services Authority has issued the third volume of ‘The Nature and Art of Financial Supervision’ series, focusing on information and communications technology risk (ICT), and cybersecurity supervision.
November 19, 2019
Basel Committee consults on Pillar 3 disclosure templates
The Basel Committee on Banking Supervision has published two consultative documents related to Pillar 3 disclosure. The first document proposes a set of revised disclosure requirements related to the market risk framework finalized in January 2019. The second document consults on voluntary disclosure templates related to banks’ sovereign Other
November 19, 2019
Dubai: Proposals on money services businesses
The Dubai Financial Services Authority has released Consultation Paper No. 125 – Proposals for Money Services. Stakeholders are required to provide comments on the consultation paper by December 15, 2019. Photo Credit: Paule_Knete from Pixabay Asia & South America
November 19, 2019
Ireland: Central Bank launches guidance on enforcement sanctions
The Central Bank of Ireland has published a new guide to sanctions imposed under the Administrative Sanctions Procedure (ASP) for the financial services sector. The ASP Sanctions Guidance increases transparency by providing greater clarity on the Central Bank’s general approach to sanctioning of firms and individuals. It also Europe
November 19, 2019
South Korea: Measures to strengthen investor protection
The Financial Services Commission and the Financial Supervisory Service have unveiled measures to strengthen investor protection regarding high-risk financial investment products. The measures come after recent derivatives-linked funds mis-selling cases in the country. They are aimed at enhancing consumer protection and maintaining stability in the financial system, without jeopardizing Asia & South America
November 19, 2019
Canada: FINTRAC updates its guidance on customer verification requirements
FINTRAC has updated its guidance on methods to verify the identity of an individual and confirm the existence of a corporation or an entity other than a corporation. The requirements to verify the identity of an individual and confirm the existence of a corporation or of an entity other than North America