The Islamic Development Bank and the International Islamic Trade Finance Corporation have signed an agency agreement to facilitate the implementation of COVID-19 Restore Program. The program will be implemented
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Report on Fintech Adoption in Hong Kong Banking Industry
The Hong Kong Institute for Monetary and Financial Research has published a report on Fintech penetration in Hong Kong. Titled “Fintech Adoption and Innovation in the Hong Kong Banking -
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 -
South Korea: FSC introduces Guidelines on Financial Companies’ Investment in Fintech Business
The Financial Services Commission (FSC) has introduced Guidelines on Financial Companies’ Investment in Fintech Business. According to the FSC, the guidelines expand the scope of fintech business opportunities in -
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
November 11, 2019
Basel Committee consults on cooperation between prudential and AML/CFT supervision
The Basel Committee on Banking Supervision (Basel Committee) has published a consultative document entitled Introduction of guidelines on interaction and cooperation between prudential and AML/CFT supervision. The Basel Committee proposes to amend its guidelines on the Sound management of risks related to money laundering and financing of terrorism published Other
November 10, 2019
Kuwait: Central Bank unveils liquidity management and forecasting dashboard
The Central Bank of Kuwait (CBK) has announced a liquidity management and forecasting dashboard. According to CBK, the dashboard will enhance the ability to forecast liquidity conditions more accurately and at an earlier point in time. This will, in turn, lead to more efficient utilization of monetary policy instruments. Asia & South America
November 8, 2019
Australia: APRA consults on standardised submission dates for ADI quarterly reporting
The Australian Prudential Regulation Authority (APRA) is consulting on a proposed standardization of quarterly reporting due dates for authorised deposit-taking institutions (ADIs). The proposed due date is 35 calendar days after the last day of the reference quarter, which will create a 14 calendar day extension for credit unions Oceania & Antarctica
November 7, 2019
Bank of Namibia issues a report on banking fees and charges
The Bank of Namibia has released a comprehensive report comparing different banking fees and charges by banking institutions in Namibia. The report presents a comparison of banking fees and charges for 9 banking institutions as of September 30, 2019. It focuses on 10 banking activities that appear to Africa
November 6, 2019
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 tokens classification, assess specific cases, and clarify applicable regulatory requirements. Companies planning to use the STO method for issuing Europe