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The UK's Financial Conduct Authority intends to step up its investigations into the competitive implications of Big Tech companies in financial services.
22 April 2024
Tokenised money is on the horizon in numerous countries. This week, the Bank of England’s Sarah Breeden announced that a discussion paper will be released in summer 2024 to draw on input from the private sector to complement the work being conducted on stablecoin regulation and retail central bank digital currency (CBDC).
If it wins the upcoming UK general election, the Labour party must harness the fintech sector as an engine for economic growth, opportunity and inclusion across the country, says a report from the Tony Blair Institute for Global Change.
18 April 2024
The Canadian government has promised open banking legislation by the end of the year and confirmed that the Financial Consumer Agency of Canada (FCAC) will oversee the new system.
17 April 2024
The Bank of England has been heavily criticised by a former chairman of the US Federal Reserve for relying on outdated technology for its economic forecasts.
16 April 2024
A group representing buy and sell-side firms and market infrastructure providers across Europe has called on the UK, Switzerland and the EU to coordinate plans to shorten the settlement cycle for securities trades.
15 April 2024
Bim Ofolami, UK government Economic Secretary to the Treasury, has announced the formation of an open finance task force during a speech at ifgs 2024.
Shares in core banking provider Temenos have risen upon news that an investigation commissioned by the company found that accusations of mismanagement by short seller Hindenburg Research were "inaccurate and misleading".
US and European officials have begun an "informal dialogue" on consumer financial protection issues, focusing on the rise of Big Tech in payments; the use of AI in lending; and the emergence of buy now, pay later.
Rosalino will be taking to the stage to open the show in Lisbon, Portugal for this year's EBAday, exploring the roadmap for a modern and safe payments market.
12 April 2024
Russia’s MTS Bank has announced it will hold an initial public offering (IPO), despite current Western sanctions on Russian banks.
Hong Kong's financial regulator is poised to give the green light to the first batch of bitcoin spot ETFs.
11 April 2024
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