The United States implementation of the Net Stable Funding Ratio (NSFR) standard and large exposures (LEX) framework are largely compliant with the global standards set […]
Category: News
UAE banking sector well-capitalised with adequate liquidity buffers
The Central Bank of the UAE (CBUAE) has issued its Financial Stability Report for 2022. The report provides a comprehensive assessment of the stability of […]
Bank of Canada raises policy rate by 25bps, continues quantitative tightening
The Bank of Canada has recently raised its target for the overnight rate to 5%, accompanied by the Bank Rate at 5¼% and the deposit […]
MAS publishes investor protection measures for digital payment token services
The Monetary Authority of Singapore (MAS) has announced new requirements for Digital Payment Token (DPT) service providers to safekeeping customer assets under a statutory trust before […]
Bank of America Ranked No. 1 in U.S. for retail banking advice by J.D. Power
Bank of America has announced that it ranked No. 1 in the U.S. for its retail banking advice in the J.D. Power 2023 U.S Retail […]
Bank of America joins blockchain-powered digital SAF solution for business travel
Leading B2B travel platform New York, NY – American Express Global Business Travel (Amex GBT), and Shell Aviation have announced that Bank of America is […]
CFPB: Billions stored on payment apps may lack federal insurance
Washington-based Consumer Financial Protection Bureau (CFPB) has published an issue spotlight on digital payment apps heavily used by consumers and businesses. The analysis finds that […]
Artificial Intelligence to take center stage at the Singapore FinTech Festival 2023
The Monetary Authority of Singapore (MAS) and Elevandi have announced the theme of the Singapore FinTech Festival (SFF) 2023 – ‘Applications of Artificial Intelligence (AI) in Financial […]
Bank for International Settlements launches global panel to harmonize API protocols for cross-border payments; invites applications
The Bank for International Settlements‘ Committee on Payments and Market Infrastructures (CPMI) has invited cross-border payment service providers, financial infrastructures, relevant industry associations and central […]
Card fraud in Europe declines significantly
The European Central Bank (ECB) has released its card fraud report, revealing a continued decline in card fraud cases throughout 2021. The report, which draws […]