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
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Climate change: BIS launches second green bond fund for central banks
The Bank for International Settlements (BIS) has launched a euro-denominated, open-ended fund for green bond investments by central banks and official institutions. The launch follows the successful introduction of -
Botswana: Guidance on the regulatory treatment of IFRS 9 in the context of COVID-19
The Bank of Botswana has released two circulars to address IFRS 9 requirements during the COVID-19 pandemic. The first circular is on Guidance on the Regulatory Treatment of IFRS -
Australia: APRA updates its Enforcement Approach
The Australian Prudential Regulation Authority (APRA) has updated its Enforcement Approach to provide clarity around how it plans to increase transparency and data reporting. The revised document, according to -
The Philippines: Enhanced guidelines on Peso consumer loans for overseas Filipino workers
The Monetary Board of the Philippines has approved an enhanced policy that allows banks to grant Peso consumer loans to Overseas Filipino Workers (OFWs) without Bangko Sentral ng Pilipinas (BSP)’s
September 16, 2019
Romania: Central Bank revises rules on determining the ROBID and ROBOR reference rates
The National Bank of Romania (NBR) has revised the Rules on determining the ROBID and ROBOR reference rates. The NBR indicates that the amendments will give additional impetus to interbank money market activity and improve the price-setting mechanism. The amendments, the regulator also notes, will ensure better representativeness Europe
September 15, 2019
The Bahamas: Central Bank relaxes exchange controls on residential real estate transactions
The Central Bank of The Bahamas (Bank) proposes to liberalize exchange controls (EC) on residential property transactions (both purchases and sales) involving non-residents effective October 1, 2019. The EC relaxation would apply regardless of whether the transactions take place in the name of an entity or vehicle ultimately owned North America
September 15, 2019
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 efficient functioning of the Nigerian money market. The introduction of the guidelines, according to the regulator, will ensure uniform Africa
September 13, 2019
European Central Bank: Changes to new targeted longer-term refinancing operations
The European Central Bank has modified some of the key parameters of the third series of targeted longer-term refinancing operations (TLTRO III). The move is aimed at preserving favourable bank lending conditions, ensuring smooth functioning of the monetary policy transmission mechanism and further supporting accommodative stance of monetary policy. Europe
September 12, 2019
Australia: Consultation on ISO 20022 migration for the Australian Payments System
The Reserve Bank of Australia and the Australian Payments Council have released for consultation, ISO 20022 Migration for the Australian Payments System – Responses and Options Paper (Responses and Options Paper). This release follows the Issues Paper, published earlier in 2019, which sought views of stakeholders on the migration Oceania & Antarctica