Industry news

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Billionaire Warren Buffett and US administration in talks to resolve banking crisis

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US SEC proposes new rules for securities markets to protect against cybersecurity risks

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Canada’s OSFI issues new climate-focused guidelines for financial institutions

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China proposes regulatory reforms for financial services industry

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Cuba to launch Russia’s Mir payment system

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ANZ, CBA, others sign up for CBDC trial in Australia

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UK unveils national fintech hub to drive innovation in financial industry

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Banking majors join JP Morgan in barring use of ChatGPT

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UAE weighs options for Russian bank as West announces new sanctions

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Ukraine sanctions Russian financial providers for 50 years

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US banking watchdogs issue fresh warning to banks on crypto

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South Korea launches task force to enhance banks’ business practices

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China to adopt updated regulatory framework for banks

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UK launches consultation to regulate BNPL sector

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UK launches formal consultation for digital pound

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Iran and Russia sign agreement to link banks

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Banking giants join forces on new digital wallet to rival Apple Pay

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Thailand to invite digital banking applications soon

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UAE issues new guidelines to combat money laundering and terror financing

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UK’s central bank warns of increased scrutiny of banks’ credit portfolio

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US banking regulators issue joint warning on crypto assets

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Spain imposes 4.8% windfall tax on banks as inflation bites

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UK banks launch new entity to ensure access to cash

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UK government announces financial services reforms

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Nigeria limits ATM withdrawals to promote digital currency

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Kyrgyzstan banks refuse to service Mir cards fearing US sanctions

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Russian banks’ losses shrink to $6.5bn, says central bank

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UK to relax ring-fencing measures for banks

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EU adopts new regulation for banks and cloud providers

Features

What could keep Dubai from becoming a cryptocurrency capital?

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China cuts banks’ reserve requirements to shore up economy

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Bank of Japan teams up with three banks to begin trial of digital yen

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Poland’s UOKiK charges four banks for failing to handle unauthorised transactions

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India raises tenure of directors and CEOs of PSU banks

Verdict Staff Writer

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Indonesia allows commercial banks to invest in fintech

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Spanish central bank urges lenders to maintain capital as financial risks mount

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Spain’s ruling coalition proposes levies on local units of foreign banks

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Swedish central bank asks lenders to cut dividend payments as inflation rises