January saw a rush of announcements about central bank digital currencies, as they enter their next phase of development.
Just three leading cloud providers pose a growing challenge in terms of the operational resilience of banks and this worries financial regulators.
The European Commission’s approach to implementing Basel III into the EU’s banking framework attempts to be faithful, but is filled with divergences and delays.
The decision is part of a long series of delays and exemptions to help the industry transition to alternative interest rate benchmarks.
European Commission’s proposals to better insulate EU banks from shocks have been met by the industry with concerns.
Issuers of US dollar-backed stablecoins could be nearing an existential threat as regulators clearly want to subject them to tough banking rules.
Most banks should have negligible Libor exposures by the end of this year. But pockets of concern remain.
With China’s Evergrande in deep trouble, some are wondering if it could trigger another global financial crisis.
The US Securities and Exchange Commission has threatened to sue the crypto exchange Coinbase if it launches its planned lending product.
Crypto firms have been vocal about how the US’s damaging approach to their industry is stifling innovation to the benefit of Asian and European competitors.
The Bank of Jamaica has distributed $1.5m in central bank digital currencies to authorised institutions.
International standard setters are closing in on cryptoassets and their interventions are likely to intensify in the regulated sphere of the financial services industry, but that is not necessarily bad news for banks.
The UK looks set to tread an increasingly independent path on financial services, veering more towards the US and emerging markets. Hopes of gaining equivalence from the EU on financial services are fading.
The pandemic-induced compression of digitisation has enabled a wealth of possibilities in banking.
Regulators are riding to the rescue of traditional banks, making it harder for cryptocurrencies and decentralised finance to dethrone them.
Trillions of pounds of business migrated out of the City of London in March.
The Fundamental Review of the Trading Book has proved monumentally difficult to implement, but there could be a positive consequence around the management of data.
Authorities have launched a consultation on the treatment of investment research and reporting requirements.
The UK ranks fifth in the world in efforts to establish a central bank digital currency, according to PwC.
Federal regulators seeking details about how tech is employed in fraud prevention and credit underwriting.