10/16/2018
The question that was uppermost in the mind of the superior court was “Would a bank in the face of what everyone agrees is an unusual and suspicious transaction, be entitled to make inquiries about that transaction?”
10/16/2018
The bank collapsed in March, a month after Ramaphosa took over from Jacob Zuma, who was forced to resign in February.
10/16/2018
The policy passed by BNR will witness will witness the sharpest increase in banks’ core capital in the region.
10/15/2018
He said that all frontiers and developing markets have suffered not just depreciation, but had also lost reserves.
10/15/2018
There is also growing speculation that VBS bank is being deemed as not fit for resuscitation to sell off its assets at cheap rates to well-connected business individuals.
10/15/2018
The current legislative instruments are old and ineffective to support the efficient, fairness and orderly operation of the financial system.
10/15/2018
The aim of the event was to bring the Bank closer to customers in order to increase awareness of key private sector stakeholders to understand the Bank’s financial and risk mitigation products for investment projects.
10/12/2018
Fintech could transform the financial markets through which monetary policy actions are transmitted
10/12/2018
The findings tie into recent high-profile probes involving countries generally considered low-risk.
10/09/2018
This means that CBK sees increased possibility of government having to mitigate the impact of debt repayments by negotiating for a series of refinancing given that the current profile is below its own targets.
10/08/2018
The ARB Apex Bank Managing Director also waded into the recent fallout of the collapse of some ingenuous banks calling on customers to exercise restraints instead of resorting to panic withdrawals.
10/08/2018
The law requires all financial institutions including banks, insurance companies and Saccos to file with the Financial Reporting Centre (FRC) daily reports on transactions above Sh1 million and those deemed suspect.
10/04/2018
Over the past ten years, regulators across the US, Europe, APAC and the Middle East have levied nearly $26 billion dollars in financial penalties against financial institutions for AML/KYC and sanctions-related violations.
10/03/2018
This collaboration with Tadesse Kiros further increases Andersen Global’s footprint in Africa, making this the eighth country in the continent in which the international association has a presence.
10/03/2018
Ideally, where a taxpayer has been a participant to a potentially affected transaction, the taxpayer would ensure upfront that the potentially affected transaction has actually been concluded and implemented on an arm’s length basis.
10/02/2018
The report KPMG produced suggested that the unit was breaking the law by using illegal methods, and was therefore "rogue in nature".
10/01/2018
Hlumisa and Eyomhlaba accuse Abil and African Bank of authorising the publication of financial statements that were false and misleading between 2012 and 2014.
10/01/2018
The move allows the two organisations to collaborate in the areas of research, data sharing, analysis, and stakeholder engagement.
10/01/2018
This shift is credit positive in that it will contain systemic risks for the Nigerian banking system as a whole
10/01/2018
“We are good to go, even if the licence was to be granted today. We will simply switch on and start offering services to our clients.