UK uptake of open banking ‘hampered by PSD2’
by Graham Buck
A report by advisory firm Fingleton Associates finds that progress has been made, but more is needed for open banking to gain traction
Regulation & Tax
Australian banks told to beef up capital buffers
by Graham Buck
Three of the country’s Big Four are each requested to set aside an additional A$500m by the Australian Prudential Regulation Authority
Money market funds step up focus on governance
by Graham Buck
Environmental, social and governance (ESG) considerations have become more integrated into MMFs on both sides of the Atlantic
Climate change litigation ‘a growing threat to profitability’
by Graham Buck
New regulation, strategic litigation and emerging duties of care impact on corporate assets, investment and supply chains a study finds
JP Morgan unveils low-cost robo advisor
by Graham Buck
The bank is releasing a digital investing service called You Invest Portfolios, which has been several years in development
SmartStream analyses intraday liquidity management
by Graham Buck
A white paper notes the move beyond reporting positions to also include actively managing and controlling intraday liquidity
More US insurers using exchange-traded funds
by Graham Buck
A Greenwich Associates/Invesco study finds more in the sector employing ETFs, with three main motivators identified
Climate change – a damage limitation exercise
by Graham Buck
The outlook is bleak, but momentum is building to stave off the worst extremes as global warming's impact for business becomes clear
Fitch highlights European high-yield fund risk
by Graham Buck
After the Woodford Equity Income episode, the ratings agency says the sector “appears to be operating with significant liquidity risk"
UK government unveils Green Finance strategy
by Graham Buck
The Treasury wants the country’s financial services sector to be at the centre of policies to combat climate change
China’s regulator ‘to tighten rules for cash management products’
by Graham Buck
The China Banking and Insurance Regulatory Commission wants the treatment of CMPs to be similar to money-market funds, a report states
Why can’t post-trade be more like Amazon?
by Emma Johnson , Director, regulatory and market initiatives, securities services , Deutsche Bank
If a washing machine can be ordered from Amazon and delivered next day, why can’t a purchased security be credited as speedily?
BoE governor: Many firms ‘unready for no-deal Brexit’
by Graham Buck
Mark Carney believes three in four UK businesses have done as much as they can, but 150,000 firms would be unable to export
Payments fraud makes heavier impact on UK companies
by Graham Buck
Despite higher levels of awareness and precaution, businesses are losing more and recovering less, a survey suggests
New Zealand readies for era of open banking
by Graham Buck
The Bank of New Zealand, one of the country’s big four, outlines its approach as the country slowly progresses towards the new regime
Reserve Bank of Australia chivvies banks on payments
by Graham Buck
The regulator accuses the country’s big four of dragging their heels on opening up the country’s New Payments Platform
Twelve banks join Acin operational risk management platform
by Graham Buck
The regtech start-up said Credit Suisse, Standard Chartered and Société Générale are among the dozen to have signed up
Fitch: MMF reform has yet to extend to South Africa
by Graham Buck
Money market fund reform in North America and Europe hasn’t yet reached the country, as South Africa opts for a ‘wait and see’ approach
Swiss regulator fines five banks €90m for FX cartel
by Graham Buck
Traders at Barclays, JP Morgan, Citigroup, MUFG and Royal Bank of Scotland were found guilty of collusion by Weko.
Ford collides with China’s antitrust regulator
by Graham Buck
The US motor giant’s Changan unit is fined US$23.6m with warnings that a list of “unreliable” foreign businesses is being compiled.
Trump tax breaks ‘saved US corporations US$91bn’ in 2018
by Graham Buck
The Tax Cuts and Jobs Act passed in late 2017 cut the rate of corporate tax from 35% to 21%, but many companies reduced it further.
Europe’s financial institutions ambivalent on open banking
by Graham Buck
A survey by open banking platform Tink finds nearly two-fifths see regulation opening up the market as a major threat to their business
Strong customer authentication rules ‘may dent EU internet economy’
by Graham Buck
The new legislation risks making an impact of up to €150bn when it is introduced this September, warns Stripe.
India’s RBI issues liquidity management guidelines
by Graham Buck
The country’s central bank is proposing new rules for non-banking finance companies to help them deal with severe liquidity problems.