Regulation and Innovation: Reviewing CBN’s Draft Framework for Regulatory Sandbox Operations
Financial service regulation tends to be a Catch-22 endeavour. Regulators want to protect the financial services ecosystem from unnecessary risks and threats to its stability. However, they also want to foster an environment that supports innovative trailblazers. This is what led to regulatory sandboxes.
Since 2015, regulatory sandboxes have been launched in several jurisdictions across the world including the UK, Australia, Bahrain, Denmark, Indonesia, Malaysia, etc.
Nigeria is poised to join the list of countries that have launched regulatory sandboxes as the Central Bank of Nigeria recently shared an exposure draft framework for regulatory sandbox operations with industry stakeholders.
At this webinar, we will discuss the objectives, eligibility requirements and other key features described in the framework with the hope of providing pragmatic perspectives which will enhance the effectiveness of the sandbox.
We will have industry leaders on the panel and international experts from jurisdictions where sandboxes have been implemented to provide diverse and pragmatic perspectives.
Register to attend the Regulatory Sandbox Webinar on the October 6, 2020 as we review the draft framework for regulatory sandbox operations with industry experts and stakeholders. We will discuss the objectives, eligibility requirements and other key features of the sandbox as described in the document with the hope of providing pragmatic perspectives which will further enhance the effectiveness of the sandbox.
Theme: Regulation and Innovation: Reviewing CBN’s Draft Framework for Regulatory Sandbox Operations
Our panelists include:
- Sola Salako-Ajulo, President, Consumer Advocacy Foundation of Nigeria (CAFON)
- Musa Itopa-Jimoh, Director, Payment System Management Department, CBN
- Wan Malawati Wan Mansor, Deputy Director, Financial Development & Innovation Department (Central Bank of Malaysia)
- Abdulla Almoayed, CEO, Tarabut Gateway, Bahrain
- Edward Popoola, Co-founder & CTO, Cowrywise
Date: Tuesday, October 6, 2020
Time: 10:00 am