Furthermore, the ECB guide adds: “In addition to an adequate quantitative framework for assessing liquidity adequacy, a qualitative framework needs to ensure that liquidity adequacy is actively managed.
“Connectivity, literacy, and cost of mobile phones are some of the challenges with technology in Africa,” he added.
Today, fintech firms must rely on advance tools for assessing the suitability of credit, financial product and insurance policies, with particular attention
It also regulates which crypto assets can be traded and covers mechanisms for trading, account opening, fund saving and withdrawals.
For foreign institutions operating in China and local institutions with overseas operations, the Cybersecurity Law is raising major concerns about the amount and cost of the work required to assess all computer systems to ensure compliance.