Two of the 29 global systemically important banks (G-SIBs) moved to different “buckets” in 2024, meaning they will have a higher or lower capital requirement...
A top global banking regulator wants financial institutions to take more responsibility in outsourcing services. “Ongoing digitalisation has led to rapid adoption of innovative approaches...
A global financial watchdog is warning against the risks of digitalization in the financial world. The Bank for International Settlements’ Basel Committee on Banking Supervision issued a report Thursday (May...
The head of the world’s banking watchdog is calling for greater oversight of artificial intelligence. Pablo Hernández de Cos, chair of the Basel Committee on Banking...
European lawmakers are making the bloc’s financial institutions pony up to play with cryptocurrencies. This, as the European Parliament’s Economics and Monetary Affairs Committee on...
In today’s top payments news around the world, Klarna raised $639 million in equity funding, while two Chinese grocery delivery startups have filed to go...
A recent bitcoin boom is attracting scammers, The Wall Street Journal (WSJ) reported, citing the Federal Trade Commission (FTC). The lack of regulation and the...