At his annual Mansion House speech to bankers and merchants in the City of London during June, the out-going governor of the Bank of England, Mark Carney, outlined his views on the ‘new economy’ and ‘new finance’. The following are edited highlights of that speech
Financial institutions are making progress in eliminating inefficiencies in cross-border payments. But will they ever be able to achieve 100% straight through processing?
Take-up of the Global Code of Conduct for the foreign exchange (FX) markets is still lacking among the buy-side community, delegates heard at a cross-industry panel yesterday.
Two new reports provide intellectual underpinning for more active engagement by central banks in digitalisation initiatives.
What the AFR thought of Sibos.
Swift believes the securities markets are at risk of cyber attacks, echoing sentiments in an industry report which highlighted how the sector has more points of vulnerability than the payments industry, writes Jon Watkins
Organised crime, leveraging the dark web, is becoming far more effective in collaboration and sharing data about how to attack digital facilities and assets than those tasked with countering such threats, Sibos delegates were told yesterday, writes Roland Tellzen.
Cryptocurrencies have come a long way since their early associations with libertarian aversion to government surveillance. Discussion, if not yet concrete application, of digital currencies has permeated banks and other financial institutions, writes Richard Schwartz
Custodians may have difficulty to identify and verify potential criminal investors due to a lack of information capabilities, and therefore struggle to avoid being fined, writes Joe Parsons.