05/03/2015
RBZ gives distressed banks June deadline
The Reserve Bank of Zimbabwe has given troubled banks a June deadline to shape up or ship out as it moves to bolster the banking sector.
Regulation,Tax & Compliance
04/26/2015
CBN to probe banks' foreign subsidiaries compliance with anti-money laundering regulations
The Central Bank of Nigeria has initiated the examination of Nigeria’s banks’ foreign subsidiaries and branches on their rendition of returns and compliance with anti-money laundering regulations.
04/24/2015
Kenya gets Qatari help for financial centre plan
The new legislation for banks would enable international lenders with operations in Kenya to use courts in London
04/24/2015
Kenya: Bancassurance Draft Rules Now At Treasury
The regulations will, among other issues, address complaints by insurance agents
04/15/2015
CBN Slashes Spending Limit on Naira Debit Cards to $50,000 Per Annum
The Central Bank of Nigeria (CBN) on Tuesday reviewed downward the spending limit on the usage of the naira denominated debit cards for transactions abroad
04/12/2015
Sabric joines East as national member for South Africa
The South Africa Banking Risk Information Centre has just joined the European ATM Security Team as the National Member for South Africa.
04/10/2015
Expert rejects BoG's 15-year term limit for bank MDs
Banks and their shareholders should rather be made to take decisions on the tenure of their managing directors and board of directors and not the Bank of Ghana.
04/10/2015
‘Improve supervision to check scandals in banking sector’
Speaking at the launch of the International Finance Corporation’s Corporate Governance Programme in Accra, he advised banks to imbibe sound corporate governance practices to promote discipline and check malfeasance.
04/08/2015
Bashir says Saudi Arabia lifted restrictions on banking with Sudan
The bank admitted that for its Sudanese clients, it set up elaborate payment structures
04/06/2015
Mauritius shuts bank: PM says evidence of Ponzi scheme
Mauritius’s future as on offshore financial centre is under threat after the island state’s Prime Minister Anerood Jugnauth announced its central bank has uncovered evidence of a Ponzi scheme
04/06/2015
Umbrella fund rebuild ‘taking too long’
The Pension Funds Adjudicator has asked the Registrar of Pension Funds to set timelines for a fund that has been rebuilding its member records since 2010.
03/31/2015
Banks comply with directive on cash deposits
Banking fees and charges are cited as one of the reasons why some Namibians do not have bank accounts
03/31/2015
UK fund house caught up in Mauritian ‘Ponzi scheme' probe
A UK fund house has been forced to freeze redemptions on one of its funds, after becoming caught up in an investigation by the Mauritian regulator into an alleged Ponzi scheme.
03/29/2015
For Banks, Another Opportunity for Higher Capital Adequacy
The latest effort of the Central Bank of Nigeria to insulate the nation’s banking industry from capital inadequacy became one of the major economic and business issues in the public place last week.
03/27/2015
Botswana Cuts Bank Reserve Requirement to 5% for Liquidity Boost
The Bank of Botswana cut the reserve requirement ratio for lenders, in a move it said would release 2.3 billion pula ($235 million) of liquidity into the southern African country’s banking system.
03/25/2015
African Bank’s Debt Holders Divided Over Changes to Legislation
The new company would then be able to obtain a banking license and start operating afresh.
03/24/2015
CAR: CBN Extends Deadline for Systemically Important Banks
The eight financial institutions designated as SIBs by the central bank were required to hold more liquid assets
03/23/2015
Namibia, Zim tops curbing money laundering
Namibia and Zimbabwe are the only two African countries to be removed from the international targeted review process of countries with shortcomings in their National Anti-Money Laundering and Combatting the Financing of Terrorism regulatory environment.
03/20/2015
Tunisia Asks to Join HSBC Case to Get Embezzled Ben Ali Cash
Tunisia asked to join the Geneva prosecutor’s money-laundering case into HSBC Holdings Plc’s Swiss unit as a plaintiff in a bid to get back funds it says were embezzled by former dictator Zine El Abidine Ben Ali.
03/19/2015
African Development Bank Group Executive Directors On Impact Mission to Mozambique
A delegation of African Development Bank Group Executive Directors is preparing to travel to Mozambique to assess the impact of Bank projects in the country