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2 weeks ago | 
thebanker.com | Aliya Shibli
Banks are more inclined to finance companies with clear climate transition plans as the broader shift away from fossil fuels continues, yet at the same time they are seeking to maintain their fossil fuel exposures. A survey of 350 financial firms across 13 countries found that 72 per cent of respondents — including 104 commercial banks — say they have no intention of reducing their exposure to the fossil fuel industry over the next 10 years.
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2 weeks ago | 
thebanker.com | Aliya Shibli
Pressure is mounting on the UK government to publish its framework for regulating stablecoins as other jurisdictions push further ahead with digital assets regulation. A coalition of UK and international trade bodies wrote last week to the UK government to clarify its position on digital assets and urged it to follow the US in providing stronger leadership on blockchain.
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2 weeks ago | 
thebanker.com | Aliya Shibli
Quantum computing’s advances threaten existing encryption standards © Charlie Bibby/FTAs the promise of quantum computing edges closer to becoming a reality, banks around the world are not taking any chances. The new technology could crack current encryption standards within the next half decade, threatening lenders’ financial stability and reshaping the risk landscape.
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4 weeks ago | 
thebanker.com | Aliya Shibli
The UK government must broaden its efforts to tackle authorised push payment fraud by holding telcos and social media companies more accountable in addition to banks, industry players have said, with fears that geopolitical sensitivities are preventing further pressure being put on US tech firms in particular.
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1 month ago | 
thebanker.com | Aliya Shibli
Riksbank chief Erik Thedéen tells The Banker about concerns over Russian aggressionSwedish central bank governor, Erik Thedéen Sweden is backpedalling on its decades-long push to go cashless. The threat of war, coupled with concerns about “signals” from the US under President Donald Trump, have prompted the country’s central bank to rethink its need for cash.
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1 month ago | 
bankingriskandregulation.com | Aliya Shibli
By Aliya Shibli Banks’ work on diversity and inclusion may no longer be a “high priority” after UK regulators announced plans to scrap new disclosure rules. The Financial Conduct Authority and Prudential Regulation Authority confirmed on Wednesday that they have hit pause on their proposals to introduce the ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight. Invitations to attend exclusive roundtables and events.
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1 month ago | 
thebanker.com | Aliya Shibli
The UK’s financial regulators have faced mixed reactions from supporters of diversity, equity and inclusion in response to their plans to abandon implementing new DEI rules, with some suggesting the move could see firms deprioritise efforts in this area.
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1 month ago | 
thebanker.com | Aliya Shibli
Payment Systems Regulator to close as government moves to streamline regulatory framework © Charlie Bibby/FTBanks have welcomed the UK government’s latest move to streamline regulation after it announced that the UK Payment Systems Regulator will be abolished as part of Prime Minister Keir Starmer’s efforts to cut regulatory red tape.
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1 month ago | 
thebanker.com | Aliya Shibli |John Everington
Emirates NBD, the Middle East’s third-largest lender by tier one capital, has expanded into the UAE’s retail cryptocurrency market via its digital subsidiary Liv, in a move experts believe could catalyse further interest from regional banks to deepen their involvement in the wider digital asset space. Liv on March 6 announced a partnership with virtual asset service provider Aquanow to enable customers to buy, sell and trade cryptocurrencies through the digital bank’s mobile banking app, Liv X.
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1 month ago | 
thebanker.com | Aliya Shibli
At the end of last year, Jo Jagadish took on a newly created role at TD Bank, which for the first time combined the bank’s digital and physical customer-facing businesses under one post: head of digital banking and contact centres. A longtime banker, Jagadish joined TD Bank in the US in 2020 from JPMorgan following stints at Citibank and HSBC, with a background largely working in what she describes as “the cutting edge of innovation”.
