2+ hour, 34+ min ago  (88+ words) The Bank of England has criticised a lack of constructive market engagement with its proposed stablecoin rules. The unusual public statement comes as the central bank looks to put in place a regulatory regime for the payment technology. Banking lobbyist…...

4+ hour, 16+ min ago  (81+ words) European and Asian lenders are "accelerating" plans to reduce their dependency on US cloud computing providers, due to concerns about escalating geopolitical tensions, operational resiliency and data privacy, say experts. Mounting concentration risk and Big Tech dependency are testing the…...

6+ hour, 5+ min ago  (125+ words) Banks and several major EU governments are warning that Brussels risks layering new cyber security obligations on top of existing regimes, as debate intensifies over how the bloc should simplify its expanding digital rule book. Industry groups and member states…...

11+ hour, 6+ min ago  (112+ words) Traditional banks will concede significant ground to challengers over the next four years and give up trillions of dollars of revenues to tech-native firms, according to Bain. A report from the consultancy predicts that traditional banks" share of revenues will…...

1+ day, 7+ hour ago  (110+ words) Banks are being urged to help combat a rise in juvenile cyber crime by detecting anomalies such as unexpected deposits or sudden luxury spending in accounts held by young customers. The Financial Conduct Authority, the body which oversees banks" compliance…...

2+ day, 2+ hour ago  (116+ words) JPMorgan has tightened lending to private credit funds after marking down the value of some loans in their portfolios, amid rising concern over the credit quality of companies backed by the sector." People familiar with the matter said the bank…...

3+ day, 6+ hour ago  (128+ words) HSBC remains confident in the economic outlook for the Gulf states despite the crisis in the Middle East triggered by the US and Israel's war with Iran, chief executive Georges Elhedery said on Monday. The bank's "conviction in the GCC's…...

3+ day, 3+ hour ago  (120+ words) KBC is to offer crypto trading following what it says is growing interest in digital assets among its clients, after last month moving to enable private investors in Belgium to buy and sell crypto assets. The offering will initially cover…...

3+ day, 59+ min ago  (78+ words) US banking regulators have clarified that tokenised securities should receive the same capital treatment as their traditional equivalents, signalling that distributed ledger technology does not in itself alter prudential requirements for banks. Banks will share key intelligence with police to…...

3+ day, 1+ hour ago  (112+ words) Banks are expected to play a central role in the UK's new fraud disruption unit by sharing payments intelligence with police in close to real time to help crack down on organised scam networks. The establishment of the Online Crime…...