Tag: Central Bank

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UK regulators issue joint proposals to tackle risk of financial instability posed by CTP dependency

UK regulators (Bank of England, PRA, FCA) collaborate on proposals Legislative proposals target potential financial instability from relationships with critical third parties (CTPs) ...

Eurosystem eyes up alternative payment solutions in latest retail payments strategy update

Eurosystem's Retail Payments Strategy UpdatePriorities:Digital euro development Instant payments Cross-border paymentsObjectives of Retail Payments StrategyDevelop pan-European solutions for point-of-interaction...

Contis hit with €840,000 fine by Bank of Lithuania

Contis, part of German BaaS fintech Solaris, fined €840,000 by the Bank of Lithuania. Delegated anti-money laundering (AML) measures to distributors without proper...

European Central Bank highlights continued sector-wide risk in latest Financial Stability Review

Real Estate Struggles:Geopolitical tensions, lacklustre growth, and inflation impact European financial markets. Residential and commercial real estate markets in the euro area...

UK’s Kodelab to provide lending tech for HKMA CBDC pilot with Ripple and Fubon Bank

Ripple and Taiwan’s Fubon Bank choose UK consultancy Kodelab for CBDC pilot with HKMA Pilot aims to integrate simulated CBDC and tokenized real...

Eurasian Bank launches Digital Tenge Card in preparation for Kazakhstan’s CBDC

Eurasian Bank collaborates with Mastercard to launch Digital Tenge Card, facilitating purchases with Kazakhstan’s central bank digital currency (CBDC). The debit card seamlessly...