Cyber risk (CyR) is an existential threat for banks that have a presence on the internet, which means all of them, said Scope Ratings in a report.

On June 5, the Derivatives Service Bureau (DSB) closed a consultation requesting feedback from direct and indirect users on its services and functionality.

Several CEOs of large Australian banks have received a joint letter from three Australian regulators urging them to plan for the end of the London interbank offer rate (Libor).

Singapore could be set to join other jurisdictions such as Hong Kong in setting up a special licencing regime for digital only banks to help maintain its position as a cutting edge centre for technology.

The UK’s Financial Conduct Authority (FCA) has come in for strong criticism from a whistleblower who used to work at Lloyds Banking Group for not acting on her complaint despite acknowledging its seriousness.

Many of the issues around regulating a crypto-asset depend on whether or not it is classified as a security said the International Organization of Securities Commissions (IOSCO), which is consulting on factors to consider when regulating crypto-asset trading platforms (CTPs).

Three consultation papers looking at how third country central counterparties (TC-CCPs) should be regulated have been launched by the European Securities and Market Authority (ESMA) with feedback requested by July 29.

The City of London has lost its position as the world’s top financial centre to New York said Duff & Phelps in a report, while confidence in Hong Kong continues to grow.

The Financial Stability Board (FSB) has delivered a progress report on the development of a toolkit to help firms cope with cyber attacks ahead of the G20 finance ministers and central bank governors meeting in Fukuoka on June 8-9.