Financial Stability
Global Financial Watchdog Calls for Stronger Human Oversight of Agentic AI
The Financial Stability Board (FSB) has urged banks and other financial institutions to strengthen human oversight of agentic artificial intelligence (AI), warning that...
Banking Regulators Tighten AI Oversight as Financial Stability Concerns Grow
Banking regulators in the United States and Europe are increasing scrutiny of artificial intelligence (AI) used by financial institutions, amid concerns that advanced...
CBN Says Bank Recapitalisation Is a Starting Point, Not the End of Reform
The Central Bank of Nigeria (CBN) has said the stronger capital base achieved through the banking sector recapitalisation programme is only the beginning...
Nearly Half a Million Investors Affected by Turkey Fund Liquidations
Almost 456,000 investors are affected by the liquidation of more than 100 Turkish investment funds worth about $18 billion, following a sharp sell-off...
Dutch Central Bank Moves 86 Tonnes of Gold to London Amid Rising Geopolitical Tensions
By Benson Daniel The Dutch central bank has moved about 86 tonnes of its gold reserves from the United States and Canada to...
AI-Driven Cyber Risk Emerges as Top Threat to Global Financial Stability
Artificial intelligence-driven cyberattacks are becoming the most immediate technology-related threat to global financial stability, according to Financial Stability Board (FSB) Chair Andrew Bailey....
NDIC Commences Payments to Depositors of 46 Failed Microfinance Banks
By Benson Daniel The Nigeria Deposit Insurance Corporation (NDIC) has begun the payment of insured deposits to customers of 46 recently closed microfinance...
Banks Face Rising Bad Loan Pressure After CBN Ends COVID 19 Relief Measures
By Benson Daniel Nigerian banks are experiencing renewed pressure on their asset quality following the withdrawal of the Central Bank of Nigeria's COVID...
