The Monetary Authority of Singapore (MAS) has removed previous restrictions on dividend payments by locally incorporated banks and finance companies. In a statement, MAS said that it will not extend…
Unicaja has secured necessary approval from the Spanish government to advance with the proposed acquisition…
The need to transact remotely amid COVID related lockdowns is accelerating innovation and technology adoption by financial institutions. Regulatory initiatives…
Standard Bank, one of the largest banks in Africa, has been penalised in Mozambique for certain malpractices. Bank of Mozambique,…
The proposed global minimum corporate tax rate of 15% puts a halt to decades of falling rates and looks to…
A global tax reform deal is taking shape, but the implementation of this lofty goal faces huge political and structural…
The European Central Bank (ECB) has completed a comprehensive assessment including stress test of four banks. The four lenders were Italy's Cassa Centrale Banca and Iccrea Banca, Estonia's Luminor Bank…
US President Joe Biden signed an Executive Order to promote competition in the economy. The move will push the Federal Reserve and the Department of Justice to strengthen scrutiny of…
China has reduced the reserve requirement ratio (RRR) for all banks in a bid to support post-Covid economic recovery. According to a Reuters report, the People’s Bank of China (PBOC)…
Bank Negara Malaysia, the central bank of the country, has received a total of 29 applications for digital banking licences. The central bank made the announcement following the closing of…
The Reserve Bank of India (RBI) has warned that the growing presence of big tech companies in the financial services may threaten competitiveness in the sector. In its bi-annual financial…
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