In a proactive move to fortify the nation’s financial sector, Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), has released final […]
Category: Government
Bank of England and HM Treasury: Digital Pound Consultation Update
The Bank of England and HM Treasury have issued a joint statement regarding the potential development of a digital pound in the UK, stating […]
RBI Proposes Framework for Self-Regulatory Organizations in FinTech Sector
The Reserve Bank of India (RBI) has introduced a draft framework for the recognition of Self-Regulatory Organizations (SROs) in the FinTech sector, aiming […]
Government Reappoints Key Members to Prudential Regulation Committee (PRC)
In a recent announcement, the government has confirmed the reappointment of John Taylor, Antony Jenkins, and Tanya Castell as external members of the Prudential […]
National Bank of Oman (NBO) Partners with PayMate to Revolutionize B2B Payments
The National Bank of Oman (NBO) has inked a Memorandum of Understanding (MoU) with Indian fintech firm PayMate, marking a strategic move to modernize its […]
RBI Urges Strengthening of Financial Institutions Amid Evolving Risks
The Reserve Bank of India (RBI) recently released its “Trend and Progress of Banking in India 2022-23” report, highlighting the need for financial institutions, including […]
PRA Releases Near-Final Policy Statements on Basel 3.1 Implementation
The Prudential Regulation Authority (PRA) has taken a significant step towards the implementation of the Basel 3.1 standards by publishing the first of two near-final […]
RBI’s Strategic Move: Nurturing Transparency and Ethical Practices in Digital Lending
In a significant stride towards fostering transparency, ethical practices, and safeguarding consumer interests within the digital lending landscape, the Reserve Bank of India (RBI) has […]
Basel Committee Advances Policy Initiatives on Cryptoassets, Interest Rate Risk, and Climate-related Financial Risks
The Basel Committee on Banking Supervision, during its virtual meeting on December 5 and 7, deliberated on significant policy and supervisory measures, demonstrating a commitment […]
Digital Technologies: A Crucial Ally in Combating Climate Change with Global Impacts
In a world grappling with the urgency of climate change, digital technologies emerge as a powerful force driving sustainability and resilience. The World Bank’s recent […]