October 21, 2020/CBN Changes in the trends of business activities and financial transactions precipitated by COVID-19 pandemic inadvertently led to increase in financial crimes globally. This therefore requires financial institutions to adapt rapidly and keep abreast with emerging risks and other developments while taking proactive steps to address the new […]
Money Market
Agencies issue final rule to strengthen resilience of large banks
October 21, 2020/US Federal Reserve The federal bank regulatory agencies on Tuesday finalized a rule strengthening the resilience of large banks by requiring them to maintain a minimum level of stable funding over a one-year period. The net stable funding ratio, or NSFR, final rule will require large banks to […]
Agencies finalize rule to reduce the impact of large bank failures
October 20, 2020/US Federal Reserve The federal bank regulatory agencies today finalized a rule to limit the interconnectedness and reduce the impact from failure of the largest banking organizations. The final rule is substantially similar to the proposal announced last year and complements other measures that the agencies have taken […]
