Rapid uptake of online services because of pandemic has created new risks that are tricky to monitor, admits EU banking watchdog.
Covid-19 has accelerated retail and business banking customers’ adoption of digital financial services, driving banks to speed up their European transformation programmes.
Société Générale's Claire Calmejane outlines how French bank approaches digital transformation via a single platform.
Gianfranco Bisagni and Niccolò Ubertalli of UniCredit explain how the bank’s digital strategy aims to deliver a simple omnichannel solution.
Rise in carry trades could reinforce trend that contributed to European sovereign debt crisis, warns Fitch.
The UK needs a proactive supervisor and community banks to deal with the aftermath of the pandemic, says Philip Sinel.
Slow progress on regulatory agreement with the EU is making life uncertain for UK financial firms.
Bank of England estimates that the UK banking system is well capitalised enough to get through a severe recession.
Corrado Passera, the founder and CEO of digital bank Illimity, believes focus is important and has identified potential among small and medium-sized companies, clients he claims traditional banks have underestimated.
European retail banks were facing numerous challenges before the coronavirus pandemic hit and are under even more pressure now. They will need to embrace change if they are to survive.
Financial firms warned reporting climate-related information will soon become mandatory.
Spanish banks adapted to crisis quickly – but most acknowledge it will hit profitability.
Resolution governing failed central counterparty clearing houses (CCP) given green light.
FCA to be given power to manage orderly transition from Libor to alternative rates.
Recommendations on how pan-EU project should proceed have been well received by industry.
Bank governor Andrew Bailey warns chiefs to be ready for ‘no deal’ scenario at end of 2020.
More than a third of bank’s customers not from Muslim faith, says Al Rayan CEO Peter Horton.
Once recipients of a bailout, banks are now part of effort to keep the economy afloat.
Raft of government initiatives seek to boost economy as key tourism sector plummets.
With pandemic driving online activity, the financial sector should support businesses’ digital infrastructure.