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5 days ago | 
bankingriskandregulation.com | Farah Khalique
By Farah Khalique Austria’s central bank is installing up to 120 ATMs in ‘cashless’ rural areas as EU lawmakers continue to delay legislation securing the status of physical money. Other countries, including the Netherlands, Sweden and Finland, are also taking concrete steps to preserve cash amid rising geopolitical tensions. The move, ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight.
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1 week ago | 
bankingriskandregulation.com | Farah Khalique
By Farah Khalique Whether you back bitcoin or not, cryptocurrencies are here to stay. The world’s largest crypto marketplace, Coinbase, just got accepted into the most prestigious of clubs in the exchange world: the S&P 500. Growth-hungry governments clamouring for a larger slice of the pie should be mindful of one thing: how ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight.
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2 weeks ago | 
thebanker.com | Farah Khalique
The writer is the editor of Banking Risk & Regulation, a sister publication of The BankerWhether you back bitcoin or not, cryptocurrencies are here to stay. The world’s largest crypto marketplace, Coinbase, just got accepted into the most prestigious of clubs in the exchange world: the S&P 500. Growth-hungry governments clamouring for a larger slice of the pie should be mindful of one thing: how they write rule books for digital assets will be pivotal in winning market share.
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3 weeks ago | 
bankingriskandregulation.com | John Crowley |Farah Khalique
The widespread use of SaaS vendors is “quietly enabling cyber attackers” and “creating a substantial vulnerability that is weakening the global economic system”, JPMorgan Chase’s CISO has warned. His comments come as the Financial Stability Board launches a reporting framework for such operational incidents. In a recent 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 | Farah Khalique
There is a silver lining to the current market turmoil: the Federal Reserve is close to cutting banks some major slack when it comes to capital. Plans to review the supplementary leverage ratio, which forces banks to hold capital against total assets regardless of risk, are all the more pressing now. The theory is that loosening the SLR could free up banks’ firepower to “make markets”, an all-important tool when they are going haywire.
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1 month ago | 
bankingriskandregulation.com | Farah Khalique
By Farah Khalique There is a silver lining to the current market turmoil: the Federal Reserve is close to cutting banks some major slack when it comes to capital. Plans to review the supplementary leverage ratio, which forces banks to hold capital against total assets regardless ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight. Invitations to attend exclusive roundtables and events. Already a subscriber?
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2 months ago | 
bankingriskandregulation.com | Farah Khalique
By Farah Khalique The Financial Conduct Authority has to be a “smarter regulator” and communicate better with the firms it supervises, says its director of payments and digital assets. Matthew Long’s frank comments come as the FCA publishes its five-year plan amid a fight for survival among the UK’s beleaguered band of regulators. ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight.
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2 months ago | 
bankingriskandregulation.com | Farah Khalique
By Farah Khalique Amid the animal spirits driving markets (and therefore news), I dared to take a day’s annual leave and switch off my phone for some respite. Lo and behold, that was the day Britain’s prime minister declared he was abolishing the Payment Systems Regulator, only the sixth supervisor in the UK ... 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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2 months ago | 
bankingriskandregulation.com | Farah Khalique
By Farah Khalique The second line of defence needs to “break the silo” to properly get a grip on rampant fraud from authorised push payment scams and deepfakes, urged financial crime experts at this year’s MoneyLIVE summit in London. “Deepfakes [are] one of the biggest challenges,” said Monica Carlesso, business platform ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight.
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2 months ago | 
bankingriskandregulation.com | Farah Khalique
By Farah Khalique Revolut’s head of UK government affairs and public policy has singled out WhatsApp and Telegram as hotbeds of authorised push payment fraud and called for action. Social media sites are well known for harbouring fraud. In 2023, Meta-owned Facebook, Instagram and WhatsApp accounted ... To continue reading Request Free Trial Unlimited access to all content. Email alerts highlighting key industry insight. Invitations to attend exclusive roundtables and events. Already a subscriber?
