The Bank of Jamaica has distributed $1.5m in central bank digital currencies to authorised institutions.
Global standard setters challenge the crypto barbarians
August 9, 2021International 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.
Sunak signals new era for the City of London
July 12, 2021The 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.
Banks look beyond digitisation post-pandemic
June 16, 2021The pandemic-induced compression of digitisation has enabled a wealth of possibilities in banking.
Regulators will save banks from DeFi
June 14, 2021Regulators are riding to the rescue of traditional banks, making it harder for cryptocurrencies and decentralised finance to dethrone them.
UK interest rates swaps business haemorrhaging to US and EU
May 28, 2021Trillions of pounds of business migrated out of the City of London in March.
FRTB: a silver lining?
May 11, 2021The Fundamental Review of the Trading Book has proved monumentally difficult to implement, but there could be a positive consequence around the management of data.
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/ UK
UK regulators looking to make ‘quick fixes’ to MiFID II
May 6, 2021Authorities have launched a consultation on the treatment of investment research and reporting requirements.
World
/ Western Europe
/ UK
UK leads Europe in exploring the use of CBDCs
April 27, 2021The UK ranks fifth in the world in efforts to establish a central bank digital currency, according to PwC.
US agencies probe banks over artificial intelligence risks
April 15, 2021Federal regulators seeking details about how tech is employed in fraud prevention and credit underwriting.
