The European Central Bank (ECB) has postponed the deadline for non-bank payment service providers (PSPs) to access its central bank-operated payment systems, including TARGET, the system for large-value payments. Originally scheduled for
The Bank for International Settlements (BIS) and the Federal Reserve Bank of New York have conducted a joint study, Project Pine, to examine how central banks might implement monetary policy in a
The U.S. banking sector is advocating for changes to the Supplementary Leverage Ratio (SLR), a regulation that requires banks to hold capital against all assets, including low-risk ones like U.S. Treasury securities.
Global banking regulators, under the guidance of the Bank for International Settlements, have agreed to prioritize the integration of climate-related financial risks into their supervisory frameworks. This step highlights the increasing recognition
Barclays’ stock has surged to a ten-year high after the bank posted strong first-quarter results, prompting RBC analysts to upgrade the stock. The shares hit 318.50p, marking a 46% increase over the
In a significant development for the U.S. financial sector, the Office of the Comptroller of the Currency (OCC) has granted national banks the ability to engage in cryptocurrency-related activities, including custody, trading,
Japan’s major banks are experiencing a resurgence, buoyed by the Bank of Japan’s (BOJ) ongoing strategy to incrementally raise interest rates. This shift, marking a departure from the prolonged era of ultra-low
Citi has announced a strategic partnership with SDX, a Swiss post-trade group, to tokenize private market assets. This collaboration aims to enhance the efficiency and liquidity of private market transactions by utilizing
Fluency, a UK-based deep tech company, has been selected by the European Central Bank (ECB) to contribute to the development of the digital euro by focusing on key features like programmable and
HSBC has introduced a new financial product, TradePay for Import Duties, to assist U.S. businesses in managing the financial impact of tariffs imposed by the Trump administration. The tariffs, introduced in April,
