December 13, 2023/AMCON The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Adetokunbo Abiru FCA, has vowed that the 10th Senate of the Federal Republic of Nigeria would ensure that the best objectives of setting up the Asset Management Corporation of Nigeria (AMCON) by the Federal Government […]
Updates
IMF and World Bank Announce US$4.5 billion in Debt Relief for Somalia
December 13, 2023/IMF The Executive Boards of the International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA) have approved[1] the Heavily Indebted Poor Countries (HIPC) Initiative Completion Point for Somalia, which provides total debt service savings for the country of US$4.5 billion.[2] Following HIPC Completion Point, Somalia’s […]
SEC Adopts Rules to Improve Risk Management in Clearance and Settlement and Facilitate Additional Central Clearing for the U.S. Treasury Market
December 13, 2023/US SEC The Securities and Exchange Commission today adopted rule changes to enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury securities transactions. The rule changes update the membership standards required of covered clearing agencies for the U.S. […]
