CAIRO - 16 July 2023: The Central Bank of Egypt’s (CBE) decision to issue regulations for licensing and registration of digital banks, as well as their supervision and oversight, is an excellent step that aligns with Egypt's digital strategy, according to the Chairman of Banque Misr, ...
The article reports on the call for more regulatory cooperation in supervising European banks. It highlights the suggestions of politicians, industry leaders and former regulators regarding the supervision of European banks. According to British lawyers, cross-border bank regulations need to focus on ...
Violations that will attract a fine of up to Sh10 million include those of institutional shareholders who fail to reduce their holding to below five percent of a bank after being deemed by the CBK as not fulfilling the proper criteria for significant shareholders. Shareholders who fai...
The Central Bank of Nigeria has introduced revised minimum capital requirements for banks in a move aimed at bolstering their resilience and fortifying the country’s financial system. Under these new regulations, commercial banks with international authorization must maintain a minimum capital base...
for authorisation, all non‑bank PAs‑CB must register with theFinancial Intelligence Unit-India. Those already processing import and export cross‑border payments must obtain authorisation by 30 April 2024. Banks already engaged in PA‑CB activities must also comply with regulations by that ...
TheSaudi Central Bank (SAMA)has issued final regulations for electronic wallets applying to electronic money institutions (EMIs) licensed to offer e‑wallet services in the country. Published on 17 November 2024, theElectronic Wallets Rulescontain provisions concerning opening e‑wallets, client iden...
TIRANA, July 31 (Xinhua) -- The Bank of Albania (BoA), central bank, said on Monday that it had prepared new draft regulations aimed at strengthening the governance of banks and the independence of the control structures. "The regulation on the internal control system proposes that the chairm...
Bangladesh Bank has waived letter of credit (LC) requirements for industrial imports. On 24 October 2024, the bank issued FE Circular No. 24 allowing industrial enterprises to import goods using purchases/sales contracts without a LC. Such imports will b
In a press statement, Central Bank Governor Ahmed bin Ahmed Ghaleb Al-Maabqi said the move was a response to these banks' non-compliance with Yemeni banking laws and regulations, as well as their continued cooperation with the Houthi group, which the government has designated as a terrorist or...
EFFECT OF CENTRAL BANK OF KENYA REGULATIONS ON THE FINANCIAL PERFORMANCE OF MICROFINANCE BANKSJOHN KALOKI DAVID