The Bank of Russia has indicated that the protection of retail investors in the financial market needs to be enhanced. In moving this forward, the Bank recently discussed a
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OSFI consults on climate-related risks
OSFI has launched a three-month consultation on addressing climate-related risks in the financial sector. The consultation will be via a discussion paper, ‘Navigating Uncertainty in Climate Change: Promoting Preparedness -
Financial Stability Board publishes 2019 G-SIB list
The Financial Stability Board (FSB) has published the 2019 list of global systemically important banks (G-SIBs). The FSB added Toronto Dominion Bank (TD) to the list of G-SIBs, making -
UK Government’s Bounce Back Loans Scheme: Observations on Credit Risk Mitigation Eligibility and the Leverage Ratio Treatment
The Prudential Regulation Authority (PRA) has published its observations on the risk-weighted treatment of exposures under the Bounce Back Loan Scheme, particularly eligibility for recognition as unfunded credit risk mitigation
February 8, 2021
The Bank of Mauritius consults on a guide for the issue of sustainable bonds
The Bank of Mauritius (Bank) has published a draft Guide for the issue of sustainable bonds (Guide). According to the regulator, the draft Guide constitutes the first step towards the establishment of a framework for sustainable bonds in Mauritius. In the 2020/2021 Budget, the country’s Minister of Finance, Africa
February 8, 2021
Europe agrees on common stance for green investments in non-monetary policy portfolios
The Eurosystem central banks – the 19 national central banks of the euro area countries and the European Central Bank – have defined a common stance for applying sustainable and responsible investment principles in the euro-denominated non-monetary policy portfolios that they each manage under their own responsibility. They indicate Europe
February 8, 2021
Central Bank of Nigeria reiterates its ban on cryptocurrencies
In a circular to banks and other regulated financial institutions, the Central Bank of Nigeria (CBN) has reiterated that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges remains prohibited in the country. According to the regulator, the use of cryptocurrencies in Nigeria goes against key mandates of the Africa
February 8, 2021
IMF concludes 2020 Article IV Consultation with Nigeria
The International Monetary Fund (IMF) has concluded its 2020 Article IV Consultation with Nigeria. In a press release following the exercise, the IMF notes the Nigerian economy is at a critical juncture. The multilateral lending institution indicates Nigeria is grappling with multiple shocks from the COVID-19 pandemic, including a Africa, Other
January 30, 2021
The Central Bank of Bahrain launches eKYC as part of digital transformation strategy
The Central Bank of Bahrain has announced the launch of eKYC by financial institutions in the Kingdom as part of its initiatives for digital transformation in the sector. Bahrain’s eKYC platform provides a national digital identity database for financial institutions to securely verify the identities of their customers, validate Asia & South America