The completion of the initial phase of FCMB Group Plc's capital raise has been met with commendations from the group’s CEO, Ladi Balogun. He took the opportunity to thank key financial regulators and the Nigerian Exchange Group (NGX Group) for their crucial support in the process. The capital raise
In the aftermath of significant bank failures last year, the Federal Reserve is pushing to increase capital requirements for large banks. While aimed at bolstering financial stability, these "Basel Endgame" regulations have met with resistance from financial institutions concerned about their
The rapid surge in collaborations between banks and fintech companies has drawn significant attention from U.S. financial regulators. With an increasing emphasis on ensuring financial stability and consumer protections, regulatory bodies such as the Federal Reserve System (FRB), Federal Deposit
Navigating the labyrinth of US financial regulations can be a daunting task for non-US financial institutions. With the growing reach of these regulations globally, institutions must now, more than ever, align their practices with US standards to avoid severe penalties and disruptions. This guide
The approval of OakNorth, a digital bank with a keen focus on supporting lower mid-market businesses, by the Federal Reserve and the New York State Department of Financial Services to establish a Representative Office in New York is a significant milestone. This pivotal development allows the bank
Operational risk management in the U.S. banking sector has increasingly become a point of contention between banks and their regulators. The core of the debate lies in the balance of scrutiny between operational risks, such as IT and cybersecurity, and more traditional financial risks like interest
