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China tech magnate slams global banking rules

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 […]

Financial data-sharing leaps ahead in the UK

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 […]

No-refund complaints soar with Covid

When the UK imposed its first coronavirus lockdown on 16 March, some consumers found they couldn’t get their money back for services they had paid for but were no longer […]

How safe is e-money?

Earlier this month, the governor of the Bank of England made it clear that customers of electronic money (e-money) firms are less protected against a corporate collapse than customers of […]

ECB is preparing for digital euro

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 […]