The Central Bank of Nigeria has issued a framework for regulatory sandbox operations.   According to the Bank, the Framework will enable it to ‘stay abreast of innovations while promoting a safe, reliable and efficient payments system to foster innovation without compromising on the delivery of its mandate.’   This

The Central Bank of Egypt has introduced measures to offset the impact of COVID-19.     These measures include: i) cutting interest rates; ii) deferring all credit dues for all customers for a period of 6 months; and iii) exempting banks for one year from calculating additional risk weights on total

The Financial Sector Conduct Authority and the Prudential Authority have published a Joint Standard on Margin Requirements (Standard).   The Standard prescribes margin requirements for non-centrally cleared derivatives transactions in South Africa. It will become effective at a date to be announced by the regulators.   Additional details are available

The European Bank for Reconstruction and Development (EBRD) has announced its support for the Central Bank of Tunisia’s adoption and implementation of International Financial Reporting Standards (IFRS).   The Central Bank of Tunisia is leading the transition of the financial sector towards IFRS from a prudential point of view.  It

In light of the COVID-19 pandemic, the Central Bank of Nigeria has extended by one year, commencement dates for revised minimum capital requirements for microfinance banks (MFBs) in the country.   According to the prudential regulator, the revised capital requirements for the different categories of MFBs in the country will