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The Central Bank of UAE (CBUAE) has begun implementing its digital currency strategy, called the Digital Dirham, to address the pain points of domestic and cross-border payments, enhance financial inclusion, and move towards a cashless society.
March 31, 2023
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The Central Bank of Bahrain (CBB) proposed amendments to the existing open banking-related regulations and has amended the digital assets framework to include virtual token offerings.
March 30, 2023
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The South African Reserve Bank (SARB) proposed a directive on threshold amounts used in the classification of credit exposures with respect to the revised standardized and internal ratings-based (IRB) approaches for credit risk.
March 13, 2023
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The Bank of Mauritius (BoM) revised the guideline on managing liquidity risk that applies to all banks licensed in Mauritius.
March 09, 2023
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The Dubai Financial Services Authority (Dubai FSA) is consulting on the cyber risk management requirements for regulated firms and on its role in supporting innovation in financial services.
February 24, 2023
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The South African Reserve Bank (SARB) issued a directive that covers certain reporting requirements and instructions related to the completion of the form BA330
February 23, 2023
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The Bank of Ghana (BOG) recently launched regulatory sandbox, opening the Regulatory and Innovation Sandbox, from February 13, 2023 to March 14, 2023, to admit the first cohort of participants.
February 21, 2023
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The Central Bank of the United Arab Emirates (CBUAE) launched a program to accelerate digital transformation of the financial services sector.
February 12, 2023
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The Saudi Central Bank (SAMA) is seeking comments, until February 24, 2023, on a draft Banking Law, issued an update on its work on the central bank digital currency (CBDC), launched the Open Banking Lab
February 01, 2023
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The Prudential Authority of the South African Reserve Bank (SARB) issued a directive on the calculation of net stable funding ratio (NSFR) for banks
January 25, 2023
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The Central Bank of Bahrain (CBB) issued amendments to the credit risk management (Module CM) and the financial crime (Module FC), and the anti-money laundering and combating financial crime (Module AML) modules
January 18, 2023
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The Dubai Financial Services Authority (DFSA) published its business plan for 2023-2024 to support the growth of Dubai and UAE as a well-regulated and forward-thinking financial services hub.
January 16, 2023
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The Saudi Central Bank (SAMA), earlier known as the Saudi Arabian Monetary Agency, published the final Basel III reforms and the consultations on "instructions" (or guidelines) for practicing financial aggregator services
December 28, 2022
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The Central Bank of Bahrain (CBB) proposed amendments to the requirements on recategorization of certain non-performing exposures as performing under the Credit Risk Management (CM) Modules, with the consultation period ending on January 05, 2023.
December 22, 2022
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The South African Reserve Bank (SARB) launched a consultation, which ends on January 06, 2023, on revisions to certain aspects of the framework for bank exposures to interest rate risk in the banking book (IRRBB)
December 20, 2022
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The Central Bank of Kuwait (CBK) issued a guideline on sustainable finance for local banks.
December 04, 2022
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The Bank of Mauritius (BoM) proposed guideline that sets out the framework for a sound and prudent approach by banks when dealing with virtual-asset-related activities, with the feedback period for the consultation ending on December 30, 2022.
November 30, 2022
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The South African Reserve Bank (SARB) proposed a directive on the calculation of net stable funding ratio (NSFR) for banks, along with the draft prudential standard on the transfer of assets and liabilities of designated institutions in resolution.
November 29, 2022
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The Central Bank of Bahrain (CBB) amended the Capital Adequacy Module (Module CA) of the CBB Rulebook Volume 1 for conventional banks and Volume 2 for Islamic banks.
November 08, 2022
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The Central Bank of Bahrain (CBB) announced that it is developing environmental, social, and governance (ESG) disclosure guidelines to assist companies with ESG integration and reporting against a broad range of ESG factors.
November 06, 2022
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The South African Reserve Bank (SARB) published the Intergovernmental Fintech Working Group's (IFWG) first regulatory sandbox report.
November 02, 2022
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The Saudi Arabian Monetary Agency (SAMA) published the open banking framework, granted permits to four fintech firms to operate under its Regulatory Sandbox, and granted licenses to three payment financial technology companies specializing in e-commerce payments and e-wallet services.
November 02, 2022
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The Dubai Financial Services Authority (DFSA) published a thematic report on cyber risk assessment practices and announced that the Crypto Token regime will come into effect from November 01, 2022.
November 01, 2022
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The Central Bank of Kuwait (CBK) announced the testing of a new Buy Now Pay Later (BNPL) product and a new e-wallet product within its regulatory sandbox.
October 23, 2022
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The Qatar Central Bank (QCB) issued two circulars on the implementation of capital adequacy requirements (Pillar 1), based on Basel framework revisions as well as on the Islamic Financial Services Board (IFSB) 23 standard.
October 13, 2022
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The Prudential Authority (PA), which was established under the auspices of the South African Reserve Bank (SARB), is proposing to amend banking regulations to incorporate the remaining components of the final Basel III post-crisis regulatory reforms issued by the Basel Committee.
September 30, 2022
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The Bank of Mauritius (BOM) published guidelines on the use of cloud services and revised an existing guideline on cross-border exposure for banks.
September 07, 2022
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The Central Bank of Kuwait (CBK), as part of its digital transformation strategy, plans to launch an advanced and improved digital portal for the banking sector.
September 06, 2022
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The Saudi Arabian Monetary Agency (SAMA) updated the Regulatory Sandbox framework and granted permits to two fintech firms to operate under its Regulatory Sandbox.
August 31, 2022
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The South African Reserve Bank (SARB) published the supervisory guidelines for matters related to the prevention of banks or controlling companies being used for any money laundering, terrorist financing, or other unlawful activity.
August 16, 2022
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