12/25/2013
Soaring Compliance Costs Clip Wings Of Mideast, African Banks
Compliance teams face an increasing array of rules due to failings exposed by the financial crisis.
Regulation,Tax & Compliance
12/16/2013
Showdown Looms Between State, Bankers Over High Interest Rates
Commercial banks are headed for a collision with the Jubilee administration over a high interest rates regime
12/12/2013
Access Bank wins 2013 risk mgt award
Access Bank has won the inaugural edition of the Nigerian Risk Management Awards.
12/09/2013
Regulators still struggling to balance protection with growth, according to financial service firms
Overall, 49% thought that no regulator had succeeded in this respect, with a majority of respondents in the US and the UK holding this view.
12/02/2013
GHANA: Banks to Suffer Stiffer Punishments
The Bank of Ghana is seeking more powers under Foreign Exchange Act 2006
11/17/2013
Executive summary from the Global Regulatory Outlook report
The last 12 months has been another year of change for the financial services industry. We have begun the move from inter- and intranational debate about the shape and purpose of regulation, to a period of understanding the implications for business follo
11/15/2013
CIB pushes for Presidential Charter to regulate banking industry
The Chartered Institute of Bankers, through the Education Ministry, is finalizing a bill that will accord it a strong legal backing to run professional qualifications for banking practice in Ghana.
10/28/2013
South Africa’s PIC Says Some Lenders Have Abused Unsecured Loans
The Public Investment Corp., Africa’s largest asset manager, said South African consumers have been hurt by the practices of some lenders that provide credit not backed by assets.
10/26/2013
Nigeria: Union Bank of Nigeria Announces CBN Approval of Compliance Plan
Union Bank of Nigeria has informed the Nigerian Stock Exchange that the Central Bank of Nigeria has approved its compliance plans with CBN's Regulation 3 on the Scope of Banking Activities and Ancillary Matters.
10/17/2013
Analysts See Banks’ Earnings Falling Over Regulatory Pressure
Higher reserve requirements, tighter monetary policy and regulation aimed at lowering fees and increasing competition will crimp the ability of the industry
10/09/2013
Bank of Ghana Commends UBA on Risk Management
The Bank of Ghana has commended UBA Ghana, a subsidiary of Nigeria’s based UBA Plc, for instituting a robust risk management system which led to zero infractions on regulatory provisions on the part of the bank in Ghana.
10/08/2013
Bank of Ghana Lauds UBA Ghana on Risk Management Culture
The Governor, Bank of Ghana, the country’s apex financial regulatory institution, Henry Kofi Wampah, recently in Accra, praised UBA Ghana, for instituting a robust risk management system
10/02/2013
Abil to pay R20m Fine for Reckless Loans
South Africa's African Bank Investments said on Thursday it had agreed to a fine of 20 million rand to settle an investigation into reckless lending by the credit regulator.
10/01/2013
Should Ecobank be preaching governance?
The irony of Ecobank’s participation on a panel at the PRI in Person conference in Cape Town this week was lost on most delegates.
09/01/2013
SEC suspends Aims Asset Management, Vision Trust & Investment from capital market activities
The SEC said that “The investor deposited the sum of N300, 000 with the operator under a Portfolio Investment Agreement for a tenor of 3 years.
08/27/2013
World's top banks on track to meet tougher capital rules
The rules, known as Basel III, are the main global response to undercapitalized banks
08/24/2013
Money laundering posing challenge to banking
The Bank of Ghana has stated that money laundering and terrorist financing have become a herculean challenge in the country’s economy, particularly in the banking sector.
08/08/2013
FCA fines bank for anti-money laundering failures
The Financial Conduct Authority has fined Guaranty Trust Bank (UK) Ltd (GT Bank) £525,000 for failings in its anti-money laundering (AML) controls for high risk customers between May 2008 and June 2010.
07/14/2013
Tier-1 banks’ gross earnings cross N200b mark
Tier-1 banks last year recorded gross earnings in excess of N200billion
07/02/2013
Nigeria: SEC to Develop Whistle Blowing Mechanism
The Securities and Exchange Commission, SEC, is on the verge of developing a whistle blowing mechanism that would further guarantee investors' confidence in the capital market.