Around the world, payments are becoming faster, more efficient and more convenient due to the increasing adoption of digital and mobile technology, says the Bank for International Settlements (BIS) in […]
The Shanghai Stock Exchange (SSE) has intervened to halt the public sale of shares in Ant Group, China’s financial technology giant, due to take place later this week. The share […]
Jack Ma, the co-founder and chairman of Chinese technology giant Alibaba, has attacked the Basel regulatory framework for the global banking system, calling it a hindrance to development. The Basel […]
As they grapple with the anarchic growth of digital assets, regulators and policymakers around the world have been trying to bring some order to the frenzy. In the wake of […]
Open banking—which allows consumers to link savings, budgeting and faster payments apps with their bank accounts—is leaping ahead in the UK. But consumer protection standards may need to jump to […]
The president of the European Central Bank (ECB), Christine Lagarde, says Europe is falling behind in the global money race and may soon launch a new digital version of the […]
The Bank of England governor gets it wrong about a possible return to ‘Wild West’ banking, according to George Selgin, a professor of economics at the University of Georgia. Last […]
Post-Wirecard, the Bank of England has warned it will impose more stringent regulation on the payments sector in order to ensure the safety of the broader financial system. And, it […]
CLS, the bank that plays a pivotal behind-the-scenes role in the global foreign exchange (FX) market, has added to warnings of a build-up of post-trade risks. Foreign exchange is the […]
The slump in the US dollar is beginning to accelerate. The gold price leapt to a new all-time high in early trading on Monday 27 July, with silver and bitcoin […]