banking
Banking
EU eases bank capital rules as ECB warns of ‘cracking’ stability
Banking
EU backs watering down of final Basel bank capital rules
Banking
ECB supervisors show dark side of higher rates for banks
Banking
Polish central bank seen hiking rates by 25 bps despite slowdown fears – Reuters poll
Weaker franc helps Swiss National Bank’s forex reserves rise
Date: November 7, 2022
ZURICH(Reuters) – The Swiss National Bank’s foreign exchange reserves rose in October, central bank data showed on Monday, as the Swiss franc’s depreciation helped reverse a sharp drop in September. The SNB held 817.16 billion Swiss francs ($821.27 billion) in foreign currencies at the end of October, compared with 806.11 billion francs in September, revised...
Nearly 80% of Banks Globally Remain in Nascent Stages of Their Hybrid Cloud Adoption
Date: November 4, 2022
By Hans Tesselaar, Executive Director, Banking Industry Architecture Network (BIAN) and Shanker Ramamurthy, Global Managing Partner Banking & Financial Markets and Industry Academy President, IBM Findings from the First Study in a New Multi-Year Research Collaboration, IBM and BIAN Identify Challenges and Best Practices Impacting Bank Financial Performance In the years since the 2008 financial crisis,...
Banking in the Metaverse
Date: November 4, 2022
By Rajashekara V. Maiya, VP, Global Head for Business Consulting, Infosys Finacle Although still in the early stages, gaming, media and the entertainment industries have already started to branch out into the metaverse. However, the heavily regulated and data-intensive banking industry has lagged behind with adoption of this new platform. But now, banks are also...
Santander to block UK transfers to crypto exchanges in 2023
Date: November 4, 2022
By Elizabeth Howcroft LONDON (Reuters) -Santander will block UK customers from sending real-time payments to cryptocurrency exchanges next year as part of measures to protect customers from scams, the bank said in an emailed statement on Friday. At an unspecified point during 2023, the bank will introduce a block on all real-time payments to cryptocurrency...
MAS, Bank of Ghana and Development Bank Ghana to develop an Integrated Financial Ecosystem to Support Growth of Asia-Africa SME Trade Corridor
Date: November 4, 2022
Singapore, 4 November 2022… The Monetary Authority of Singapore (MAS), Bank of Ghana (BOG) and Development Bank Ghana (DBG) today signed a Memorandum of Understanding (MOU) to develop the Ghana Integrated Financial Ecosystem (GIFE). The GIFE aims to enhance financial capabilities and access for micro, small and medium enterprises (MSMEs) in Ghana and generate greater...
Bank of England makes historic rate hike despite ‘very challenging’ outlook
Date: November 3, 2022
By David Milliken and Andy Bruce LONDON, Nov 3 (Reuters) – The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989 as it warned of a “very challenging” outlook for the economy. The central bank forecasts inflation will hit a 40-year high of around 11% during...