Aliya Shibli

3 weeks ago | thebanker.com | Aliya Shibli

The UK’s financial watchdog has confirmed it will maintain limits on disclosing enforcement investigations in a “rare success story” for industry pushback, although the scope of the test for naming firms has been expanded. The Financial Conduct Authority said in a final policy statement on Tuesday that it would stick to its “exceptional circumstances” test for announcing investigations.

4 weeks ago | thebanker.com | Aliya Shibli

The UK payments regulator is being urged to reassess industry liability in authorised push payment fraud, reflecting concerns from banks and payment companies that have persisted since the reimbursement regime was introduced last year. The Payment Systems Regulator held meetings as recently as May 14 to discuss the new APP fraud rules with industry groups.

1 month ago | thebanker.com | Aliya Shibli

Financial fraud results in annual losses of more than £1bn for UK consumers and the financial sector, despite banks’ growing efforts in preventing the misuse of payment systems. Fraud losses reached £1.17bn in 2024, similar to the previous year, while the number of cases grew by 12 per cent, surpassing 3.3mn, according to UK Finance’s latest Annual Fraud Report.

1 month ago | thebanker.com | Aliya Shibli

After joining BNP Paribas’s corporate and institutional banking arm in 2010, Hugues Even was later appointed its chief data officer, and two years ago was made the bank’s group-wide CDO. Even is not alone in that role, he says, “because it would be too complex”. BNP Paribas has around 50 CDOs across the group, spanning various regionally and locally focused roles, such as in Asia Pacific, the Americas and in countries where the bank has a large presence, like Portugal, Spain and India.

1 month ago | thebanker.com | Aliya Shibli

Nearly 20 per cent of all UK consumers and businesses are now using open banking, up from almost 6 per cent in March 2021, with consumer adoption reaching almost the same level as that of small businesses for the first time since open banking was launched. A report published by the UK’s open banking implementation entity also shows open banking users in the UK reached 13.3mn in March 2025.