banking
Banking
Invigorated and innovative client-first approaches are expected from financial institutions as 2023 uncertainties threaten
Banking
Five critical factors for banks’ climate risk management
Banking
How banks should approach their modernisation journeys
Banking
How Artificial Intelligence is Transforming Banking
ECB tells bankers to get picky with risky clients, including hedge funds
Date: January 13, 2023
FRANKFURT (Reuters) – Euro zone banks must be more selective with customers that make risky bets on financial markets, such as hedge funds, and become more prudent in how they manage their exposure to them, the European Central Bank said on Friday. The ECB’s move shows how regulators are stepping up scrutiny of the role...
What is the outlook for BaaS in 2023?
Date: January 13, 2023
By Nikhil Sengupta, Global Sales Director at Vodeno Banking-as-a-Service (BaaS) has empowered companies to embed financial products and services into their ecosystems – in turn, this has also enabled them to improve their customer experience and grow their business. According to a recent McKinsey report, the Total Addressable Market (TAM) of Banking-as-a-Service (BaaS) providers in...
Inflation fighting central bankers air climate role doubts
Date: January 10, 2023
By Francesco Canepa and Lindsay Dunsmuir STOCKHOLM (Reuters) -Some of the world’s top central bankers aired concerns about being expected to tackle climate change as well as tame inflation on Tuesday, with Federal Reserve chief Jerome Powell saying the U.S. central bank needed to stay out of politics. “We should ‘stick to our knitting’ and...
Banks still need to learn lessons from 2022 crises – BoE says
Date: January 10, 2023
By Iain Withers LONDON (Reuters) – Banks still need to improve their risk management and learn the lessons from various crises that rocked markets in 2022, regulators at the Bank of England said on Tuesday. The market reaction to Russia’s invasion of Ukraine and turmoil in nickel and British government bond markets highlighted risk deficiencies...
Britain could narrow scope of banker accountability rules, says minister
Date: January 10, 2023
By Huw Jones LONDON (Reuters) -Britain will consider narrowing the scope of rules that were introduced after the 2008 financial crisis to hold bankers accountable for risky decisions, financial services minister Andrew Griffith said on Tuesday. The senior managers and certification regime (SM&CR) was rolled out from 2016 after few individual bankers were punished after...
Introduce interim talent to face challenging decisions in 2023
Date: January 10, 2023
By Will Jones, Managing Director UK & North America at COMATCH The end of the year often spells job cuts in the banking and private equity markets, but in 2022 these have seen a marked increase. Since the beginning of December reports indicate that there have been significant cuts in the workforce at Barclays, Credit...