Region: Africa & Middle East

Israel’s former top banking supervisor joins Cypriot social trading platform

Tel Aviv-based social trading platform eToro has appointed Hedva Ber, formerly Israel’s leading banking regulator, as its global chief operating officer.

13 April 2021

New Philippine digital bank framework prompts South African entrant

A South African fintech advised by Ashurst may become the first financial institution to be licensed under the Philippines’ new digital banking framework after it was enacted in November.

08 March 2021

Nigerian regulators deny split on crypto policy

Nigeria’s securities regulator has put on hold its recently-unveiled plans for a new regulatory framework for crypto-assets, after the central bank published a blanket ban on their use.

22 February 2021

Lebanese banks sell Egyptian units amid capital requirements push

Freshfields, Baker McKenzie and Dechert are among the firms instructed in a pair of bank acquisition deals prompted by increased capital requirements from Lebanon’s central bank, with local banks Audi and Blom agreeing to sell off their Egyptian units.

25 January 2021

Hire suptech talent, FSB urges regulators

Regulators should focus on attracting talent that can develop tailored suptech tools, according to a new report from the Financial Stability Board.

12 October 2020

ADGM set to adopt UNCITRAL electronic transaction rules

The Abu Dhabi Global Market’s financial regulator has named a new chief executive, as the free zone consults on new UNCITRAL-based electronic transaction rules.

01 October 2020

Crédit Agricole sells final Saudi Fransi stake, with Clifford Chance advising

Clifford Chance and its Saudi associate firm are advising France’s Crédit Agricole as it disposes of its final remaining stake in Banque Saudi Fransi.

29 September 2020

Community round-up: hires at Simpson Thacher, Herzog, and Two Birds

Simpson Thacher & Bartlett is set to hire a partner from Clifford Chance in its London office; Israeli firm Herzog Fox & Neeman has hired an old hand from Bank Leumi; and Bird & Bird has tapped a Norton Rose Fulbright partner to lead its financial regulation practice in Dubai.

28 September 2020

FSB guidance on CCP resolution risks uneven playing field, banks say

Financial institutions and industry groups have told the Financial Stability Board they need more detailed guidance on resolution for central counterparties (CCPs), warning that a lack of specific guidance could lead to “significant differences in CCP resolution regimes across jurisdictions”.

24 August 2020

Dubai to sync large exposures regime with Basel

Dubai’s financial services regulator has announced a brace of new proposals aimed at syncing its large exposures regime with international standards.

27 July 2020

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