Tag: banking regulation
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Bangladesh Bank digitalises export procedures with new electronic document framework
Overview of the new electronic export document framework Bangladesh Bank (BB) has announced a landmark shift toward nationwide digitalisation by introducing an electronic submission and processing framework for export documents. The circular, issued to Authorised Dealers, outlines how exporters can file documents electronically, enabling faster clearance and enhanced traceability across the country’s export ecosystem. This…
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Otedola Applauds Tinubu’s Economic Acumen as First Bank Hits N500bn Capital Benchmark
Otedola’s Praise for Tinubu and First Bank Nigerian financier Femi Otedola has publicly commended President Bola Tinubu for what he describes as a “deep economic understanding” that, in his view, supports the resilience and growth of Nigeria’s financial system. The remarks come as First Bank of Nigeria, one of the country’s oldest and most prominent…
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UK Grassroots Palestine Support Group Sees Bank Account Frozen Amid Palestine Action Probe
Overview: A UK grassroots group’s financial setback amid an official investigation A small, volunteer-led organisation in Greater Manchester has found its bank account frozen amid an investigation connected to a separate activist group, Palestine Action. The group, which operates independently but with a focus on advocating for Palestinian rights, says it has no formal ties…
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Grassroots group’s bank account frozen amid Palestine Action investigation
Background A grassroots pro-Palestinian organisation in the United Kingdom says its bank account was frozen in connection with an ongoing investigation linked to Palestine Action. Greater Manchester Friends of Palestine (GMPFP) asserts that the move is unrelated to its activities or governance, insisting it has no affiliation with the direct action group that has drawn…
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Private Credit: The Quiet Channel Reconstructing European Property Deals
Introduction: A new financing lane for European real estate European banks have long relied on traditional loans and capital markets to fund property projects. But in recent years, a growing trend has emerged: private credit funds stepping in as a faster, more flexible source of financing for large-scale real estate developments. This shift is not…
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FIC Clears Richard Nii Armah Quaye, Unfreezes His Accounts After Probe
FIC clears Richard Nii Armah Quaye following probe The Financial Intelligence Centre (FIC) has announced that Ghanaian businessman Richard Nii Armah-Quaye has been cleared of any wrongdoing after a comprehensive investigation into his financial transactions. The decision comes after weeks of scrutiny and the temporary freezing of accounts linked to the case. What led to…
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FIC Clears Richard Nii Armah Quaye: Ghanaian Businessman’s Accounts Unfrozen After Probe
Summary: FIC Drops Probe After Clearing Quaye The Financial Intelligence Centre (FIC) has concluded its investigation into the financial activities of Ghanaian businessman Richard Nii Armah Quaye and has cleared him of any misconduct. Following an earlier decision to freeze his accounts during the probe, authorities have now unfrozen the assets as part of closing…
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How the Philippines’ Central Bank Is Building Climate-Resilient Finance
Introduction: A Climate-Resilient Financial System in a Vexed Era The Philippines faces increasing climate risks, from riverine floods to coastal storms. In this context, the Bangko Sentral ng Pilipinas (BSP) is taking proactive steps to ensure the country’s financial system can weather climate shocks while steering capital toward green, adaptive projects. Recognizing climate risk as…