10/12/2016
Decrypting the legality of encryption in South Africa
A test case before the courts on the constitutionality or otherwise of end-to-end encryption, and access to encrypted communication in general, would be a welcome development.
Regulation,Tax & Compliance
10/11/2016
SMEs bear the brunt of tighter bank regulations
Survey shows only 5% of SMEs in sub-Saharan Africa ‘adequately served’ by banks.
10/11/2016
Ecobank gets $310m AFDB trade finance support
The bank added that it would enhance support to local enterprises in sub-Saharan Africa
10/10/2016
Apex bank sets limits on banks' investment in govt Islamic bonds
The central bank said it considered the need to issue the guidelines to enhance the quality of sukuk instruments.
10/10/2016
Africa's under-developed markets play catch-up with Basel
Since that collapse, the system has been on a course of antibiotics, one that hasn't quite worked.
10/10/2016
Central Bank boss Patrick Njoroge feted for cleaning up banking sector
He emerged top for his integrity and was praised for re-establishing order in Kenya's banking industry.
10/07/2016
SA’s outdated banking regulations stifling innovation
More significant than the high cost of entry is the fact that we have a banking and regulatory framework in South Africa that is incentivised to maintain the dominance of the large banks and to exclude new entrants.
10/06/2016
Fall in South African inflation seen temporary cbank governor
There is no room for complacency in monetary policy
10/05/2016
Union warns banks of court battles in looming layoffs
The banking industry fired 2,036 staff, most in clerical and secretarial units
10/05/2016
CBK warns banks against changing customer deposit accounts
Banks had moved to reclassify deposit accounts to avoid paying the huge interest that would have accrued with the change in the law.
10/05/2016
Banks face CBK wrath for increasing charges
Besides regulatory approval, the banks should explain to their clients the reasons for varying charges or terms and conditions in the existing contracts
10/04/2016
BGFI Bank chooses Wolters Kluwer for regulatory reporting
Other banks that have recently signed up to use OneSumX include Banco Santander, Taiwan Business Bank, Bank BGŻ BNP Paribas and Sberbank.
10/04/2016
FSB fines Lion of Africa and Sanlam
The FSB says the parties agreed on a penalty of R10 000.
10/03/2016
CBK demands Sh45 billion refund from Imperial Bank
The CBK says fraud by Imperial Bank directors has caused instability in the banking sector and subjected customers to stress and hardship brought about by loss of their deposits.
10/03/2016
Performance fee loophole closed on tax-free savings
Performance fees may not be charged in TFSAs nor in any of the underlying funds in which the TFSAs are invested
10/03/2016
CBN Sets New Standard For Banks On Compliance
CBN set a new qualification standard for the Banks in their appointment of people into the position in line with its decision to enhance minimum qualification for the position
09/28/2016
Banks Decide New Minimum Capital
The Bank of Ghana, in March 2003, raised the capital levels of banks to GH¢7.0 million.
09/27/2016
CBK says foreign banks targeting local market despite new rate cap
A return on equity of 30 per cent indicates that an investor is likely to recoup their equity input in just over three years.
09/23/2016
Commercial Bank of Africa insists M-Shwari is not subject to new laws
The Commercial Bank of Africa maintained its M-Shwari product is not developed on an interest model and is therefore exempted from the new banking law that caps interest rates. According to CBA CEO Isaac Awuondo, though its product fully complied by the
09/20/2016
Bank Of Ghana Maintains Policy Rate At 26 Percent
The upside risks to the inflation outlook are the unanticipated shocks, especially with regard to the intermittent upward adjustments in petroleum and utility prices.