South African financial regulators intend to finalize new rules by 2028, requiring over-the-counter derivatives to be centrally cleared to enhance transparency and mitigate risk in the market.

Nigerian banks have raised N4.61 trillion ahead of the March 31 deadline, while the Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, continues to emphasize the need for African financial regulators to enhance cooperation in managing cross-border risks and ensuring stability.