05/21/2015
SEC Suspends BGL From Capital Market Operations
SEC directed that “BGL Asset Management Limited, BGL Capital Limited and BGL Securities Limited be suspended from all capital market activities
Regulation,Tax & Compliance
05/21/2015
BoB shuts down Kingdom Bank
The High Court has granted an order for operations of troubled Kingdom Bank Africal Limited (KBAL) to be wound up after a forensic audit found the bank to be insolvent.
05/21/2015
Nene worried forex probe may expose risks in banking system
The Competition Commission said on Tuesday it suspects 11 companies of using electronic messaging software to co-ordinate foreign exchange deals when quoting prices to customers.
05/20/2015
S.Africa probes global banks over forex fixing
The probe follows other forex investigations around world that began two years ago
05/19/2015
NIC tightens rules on claim payments
Sometimes, it takes about two or three years, and even when the company agrees to pay
05/14/2015
Senior and middle level managers to mainstream Anti-Corruption policies
The Anti-Corruption Commission (ACC) with support from European Union (EU) on Monday 11th and Tuesday 12th May 2015 encouraged senior and middle level managers of the Civil Service to mainstream anti-corruption initiatives into their programs and activiti
05/13/2015
Five banks lose N312m to CBN’s sanctions
The bank was fined N184 million for not obtaining approval from CBN
05/11/2015
SA’s financial sector needs transformation, says Nene
Transformation is part of government policy to redistribute wealth to previously disadvantaged people.
05/07/2015
Zimbabwe needs urgent reforms to improve business climate – ZIA
Policy inconsistencies have also been cited as reasons behind low FDI inflows into the country.
05/06/2015
African Bank-Inspired Law Change Approved, Boosting Rescue Plan
South African lawmakers approved changes to rules covering distressed lenders
05/05/2015
Botswana: Establishment of Financial Services Ombudsman Essential
On the other hand, the current Office of the Ombudsman investigates complaints of injustice or maladministration the public service received from the public
05/04/2015
Belvedere update: Mauritius FSC suspends Belvedere’s management licence
Cites failure to comply with the law
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.
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.