Striking the balance: FSCA commissioner advocates for transparent processes in bank account closures. Banks should ensure their processes are fair and transparent when they decide to close a customer’s account, says FSCA Commissioner Unathi Kamlana (pictured). Derisking was one of the issues that Kamlana raised on 17 April in his keynote address to the Banking Association of South Africa’s “Banking on ethics” conference. Get more insight on “Derisking” why it is implemented in the full article: https://buff.ly/4aRAuFi Like, share, and subscribe to our weekly newsletters! #BankingAssociationofSouthAfrica #banks #derisking #FSCA #UnathiKamlana #moonstoneinfo #moonstoneupdate #industryupdates
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While we raise alarm bells to prevent further exclusion of marginalised groups due to the implementation of the CBN's mandate to freeze bank accounts without BVN/NIN, we also acknowledge the mandate's vision to promote financial system stability for all Nigerians. We urge everyone to raise awareness by sharing and educating people most likely to be affected before the April 1st deadline, enabling a seamless execution of the policy. Visit https://lnkd.in/d4XWAbcN to know more. #financialinclusion #BVN #NIN
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STANDARD BANK: TAKING CHARGE Standard Bank is Africa’s largest bank by assets, serving an active base of close to 19 million clients. The recent euphoria over the Government of National Unity (GNU) election outcome presents a positive outlook for Standard Bank, and the banking sector alike. In this week’s Intuition, James Clark gives an update on this fundamentally strong banking operation. Read more at https://lnkd.in/dKsbaEpc #HarvardHouse #intuition #investments #sharemarketnews #financialplanning #StandardBank #marketupdate
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Consolidation and Reform: Building Stability and Resilience in Nigeria's Banking Industry Click the link below to read the article: https://lnkd.in/dDvCW7zC
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🚨#FiZ_QuickTake 🚨 Mr. Clement Kapalu, Director General of the Financial Intelligence Centre, discusses the alarming surge in money laundering transactions in a #QuickTake session at Stanbic Bank Zambia's Second Banking Industry Symposium. 🚨Watch the full episode on our YouTube channel or via the link in the COMMENTS. Don't forget to LIKE & SUBSCRIBE. #BankingNews #MoneyLaundering #FinancialTransactions #FinancialInsight #Get2Know
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Our latest publication reviews the framework on the Banking Sector Recapitalisation Programme issued by the Securities and Exchange Commission (SEC). The Central Bank of Nigeria’s recent circular announced an upward review of the regulatory minimum capital requirements for banks. This framework guides banks through the recapitalisation process, ensuring compliance, transparency, and efficiency. Learn about the procedures, documentation requirements, and key provisions aimed at strengthening Nigeria’s banking sector against potential shocks. Click the link to read the full article, in our bio: https://lnkd.in/drmR4hbP #DOALaw #Banking #Recapitalisation #SEC #LegalInsights #Nigeria #Finance #BankingRegulations #FinancialStability #CapitalMarket
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To those who ask, 'When will all conventional banks transition to Islamic banking?' Dr. Masud explains the hurdles along the way and answers many other questions of banking experts.
Fireside Chat Part 2: Listen to Zafar Masud, Chairman - PBA, in an insightful conversation at The Future Summit organised by Nutshell Group. On the topic of Islamic Banking Conversion, the Chairman discussed the sector’s preparedness and challenges in converting fully to Islamic banking, underscoring the need for structural issues to be addressed through collaborative efforts rather than mandates. The discussion was followed by an insightful Q&A session, allowing the audience to explore key themes and gain a deeper understanding of the priority sectors and the future of banking in Pakistan. #FutureOfBanking #TheFutureSummit #PakistanBanking #IslamicBanking Yousaf Hussain | Ahmed Bozai | Shoaib Mumtaz | Rehmat Hasnie| Muhammad Atif Hanif | Rizwan Ata
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International Business Coach I Angel Investor I Founder I CEO I Author I People-Planet-Profit (TBL) and Alt-Protein proponent
Wema Bank is getting international recognition for its positive impact! 👏 The bank recently won 3 awards at The Digital Banker Global Sustainable Finance Awards Gala 2024 for its work in digital innovation and sustainability. These awards highlight the bank's achievements in SME finance, digital platforms, and sustainability leadership. #WemaBank #Sustainability #DigitalBanking #FinancialInclusion
Wema Bank Receives International Recognition For Positive Impact https://lnkd.in/gqJFp_2U #SLSV #SLSVIndia #triplebottomline #InternationalRecognition #PositiveImpact #BankingExcellence #GlobalAwards #ImpactBanking #FinancialSuccess #BankingInnovation #AwardWinningBank Wema Bank Plc.
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Non-bank financial institutions (NBFIs) in Latin America (LATAM) are showing increased interest in adopting legal figures that allow for deposit collections and increased regulation, including a full banking license. The process involves executions risks and is subject to regulatory approval. Learn more https://ow.ly/sShv50U6BLj #FitchRatings #LatinAmerica #NBFI #Banks
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A Wolf Theiss team consisting of Claus Schneider and Christine SIEGL, supported by Sebastian Prakljacic and Eva Stadler advised Raiffeisen Bank International AG (RBI) in connection with the successful issuance of EU 650,000,000.00 Fixed to Reset Rate Additional Tier 1 Notes and its tender offer for the repurchase of EU 650,000,000.00 Fixed to Reset Rate Additional Tier 1 Notes of 2017. This issuance strengthens the regulatory capital position of RBI and reflects its commitment to maintaining a robust capital base in line with European banking regulations. More on this transaction here: https://wt.legal/ROiZ #WolfTheiss #TransactionNews #MarketUpdates #BankingAndFinance #CapitalMarkets #DealAnnouncements
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Assistant Manager at Arab National Bank (ANB) | Central Operations Group – Express Payment Solutions & Inquiry Management | Business Continuity Team Leader - Payment Department.
🚨 **Important Alert from Arab National Bank!** 🔔❌ ANB emphasizes the need for vigilance against **financial fraud practices** that prey on temptation and false promises. Be cautious of schemes involving: - **Forex Trading**: Often marketed with unrealistic returns. - **Unlicensed Digital Assets**: Investments that lack proper oversight and regulation. Stay informed and protect your finances! Always verify the legitimacy of investment opportunities and consult professionals before making decisions. Remember, if it sounds too good to be true, it probably is! #FinancialSafety #BewareOfFraud #ArabNationalBank #StayInformed #ProtectYourAssets
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