The National Bank of Rwanda wants timely and accurate provisioning by lenders to avoid a cliff edge.
World
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UK banks fret over operational risks related to negative interest rates
February 19, 2021The threat of below zero rates rates continues to hover over the country’s banking system.
Nigeria’s central bank clamps down on cryptocurrencies
February 18, 2021CBN’s effort to force financial institutions to close cryptocurrency accounts has sparked angry backlash.
Financial firms have borne brunt of cyber attacks during pandemic
February 16, 2021Cyber criminals are adapting their methods to include spear phishing campaigns and account impersonation.
OCC pauses controversial ‘fair access rule’ pending further scrutiny
February 15, 2021New US president Joe Biden has frozen implementation of new rules pending a review.
Milestone achieved on road to Libor exit
February 12, 2021More than 12,000 entities across almost 80 jurisdictions now adhere to ISDA protocol.
Gensler's SEC nomination paves way for tougher oversight
February 11, 2021Regulatory veteran may seek greater disclosures and investor protection measures and clamp down on SPACs.
UK opens new chapter for financial services as it applies to join trans-Pacific trade pact
February 10, 2021CPTPP could offer opportunities to banking industry as MOU with EU remains uncertain.
Wild volatility in Gamestop shares attracts regulators
February 8, 2021Frenzied trading certain stocks has caught the attention of regulators and Janet Yellen.
Should central banks become market makers of last resort?
February 1, 2021Severe dislocation last year led one Bank of England official to ask whether central banks must become market makers of last resort.