All articles

The UK’s central bank has given financial infrastructure institutions 12 months to comply with newly finalised supervisory expectations for outsourcing their core functions.

13 February 2023

A shallow talent pool, a concentrated market, and insufficient transparency – practitioners have largely echoed concerns raised by the US Treasury on emerging risks associated with cloud services in banking.

13 February 2023

The Bank for International Settlements’ general manager Agustín Carstens has laid out his blueprint for direct oversight of big techs by financial regulators, saying traditional regulatory concepts are “not fit for purpose”.

10 February 2023

The US Federal Reserve Board has announced its hypothetical stress test scenarios for 2023, including for the first time an extra scenario featuring a market shock to the trading books of the largest and most complex banks.

10 February 2023

The Bank of England has issued its long-awaited formal proposal for a UK central bank digital currency, reassuring private sector players the CBDC will form part of a “mixed payments economy” rather than supplanting commercial banks or fintechs.

09 February 2023

China’s securities regulator has given Standard Chartered in-principle approval for the first wholly foreign-owned securities firm on the Mainland since the lifting of ownership restrictions for foreign financial institutions in 2020.

09 February 2023

Practitioners have had a week to consider the British government’s draft outline for the regulation of cryptoassets in the UK. So, what do they think?

08 February 2023

Cryptoasset firms must be prepared for new promotion rules or face imprisonment, the UK financial regulator has urged as it explains the exemption conditions that will allow crypto businesses to market their products in the UK under government plans announced last week.

08 February 2023

The European Court of Justice has dismissed a group of investors’ attempt to overturn the state-backed recapitalisation of the world’s oldest bank, overturning a lower court’s ruling and finding that the European Commission’s 2013 “Banking Communication” on state aid for bank rescues cannot require member states to impose burden-sharing measures.

07 February 2023

Amid widespread banking scepticism over the potential of central bank digital currencies Germany’s banking industry body has backed a digital euro as “the next important step in the evolution of money” – but argued that its success hinges on not leaving commercial and private banks behind.

07 February 2023