The Latest Press Releases From Disruption Banking

Press Release

The General Board of the European Systemic Risk Board held its 44th regular meeting on 2 December 2021

December 9, 2021

At its meeting on 2 December 2021, the General Board of the European Systemic Risk Board (ESRB) assessed the key systemic risks in the European Union (EU), as well as public policy priorities to address them. The General Board noted that the risk of an abrupt broad-based asset price correction had increased further owing to continued exuberance in credit, asset and housing markets.

Press Release

Klarna launches browser extension allowing consumers to pay later across all online stores

December 9, 2021

Klarna, a leading global retail bank, payments, and shopping service, today announced the launch of the Klarna browser extension, which had been in beta testing with over 100,000 consumers. The extension enables consumers to shop with Klarna’s flexible payment options on their desktop at every online store, even if the retailer is not yet a Klarna partner.

Press Release

Record investment and strong growth planned by small businesses, but loneliness and innovation are a challenge

December 8, 2021

Two-thirds of small business leaders (63%) feel lonely in their role, which could prevent their company from reaching its full potential. Of 1,046 business leaders surveyed by Starling Bank, seven in ten (70%) say they find it hard to come up with new and innovative ideas on their own.

Press Release

ECB appoints Oscar Arce as Director General Economics

December 7, 2021

The Executive Board of the European Central Bank (ECB) has appointed Oscar Arce as Director General Economics. The Directorate General Economics monitors, analyses, models and forecasts economic developments and policies, and provides policy advice and secretarial support for monetary policy meetings held by the ECB’s decision-making bodies.

Press Release

IOSCO Growth and Emerging Markets Committee consults on its recommendations related to the use of innovation facilitators

December 7, 2021

The IOSCO Growth and Emerging Markets Committee (GEMC) is requesting feedback on proposed recommendations related to the use of innovation facilitators in growth and emerging markets.

Press Release

Women’s Business (Metro Bank)

December 7, 2021

The UK’s community bank, Metro Bank, has a dedicated team tackling funding, mentoring and networking for female business leaders. The team is reviewing all aspects of the Bank’s products and services to make them more accessible to women across a range of backgrounds.

Press Release

ECB to redesign euro banknotes by 2024

December 6, 2021

The European Central Bank (ECB) plans to redesign euro banknotes, working with European citizens in a process that is expected to lead to a final decision in 2024.

Press Release

December 2021 resolution publications: MREL Review

December 3, 2021

The Bank of England has today published a Policy Statement concluding the Bank’s review of its approach to setting a minimum requirement for own funds and eligible liabilities (MREL).

Press Release

Money20/20 Successfully Re-Unites Global Fintech Community

December 3, 2021

Money20/20 today reports that more than 8,000 attendees, from over 2,500 companies participated at Money20/20 USA at The Venetian Resort, Las Vegas in late October. The event was a showcase for the fastest growing and most innovative fintech companies. This follows the hugely successful Money 20/20 Europe, held in Amsterdam in September, which hosted more than 4,000 attendees from 1,500 companies.

Press Release

The Alternative Liquidity Facility

December 3, 2021

The Bank of England has today opened the Alternative Liquidity Facility (ALF), which has taken deposits from participating UK-based Islamic banks for the first time.

Press Release

ESRB publishes two reports on macroprudential stance

December 1, 2021

The European Systemic Risk Board (ESRB) has today published reports from the Advisory Scientific Committee (ASC) and the Advisory Technical Committee (ATC) on macroprudential stance.

Press Release

Nordigen launches 6 new products to standardise open banking data

December 1, 2021

Nordigen is launching a suite of new products designed to help developers build open banking-powered applications with more ease.

Press Release

The Bank of London Launches Today As The World’s First Purpose-Built Global Clearing, Agency & Transaction Bank

November 30, 2021

The Bank of London today launches as the 6th principal clearing bank of the United Kingdom (UK), with a mission to lift communities and power the borderless economic infrastructure of the future. Led by an executive team of industry pioneers and a board of renowned global leaders, the bank enters the market with a $1.1 billion valuation, making it the first pre-revenue bank in history to attain ‘unicorn’ status upon debut.

Press Release

Thought Machine raises $200m in Series C funding to bring world’s banks to the cloud

November 29, 2021

Founded in 2014 by former Google engineer Paul Taylor, Thought Machine provides modern, cloud native core banking technology to some of the largest and most ambitious banks in the world. Many of Thought Machine’s investors are also clients, including Lloyds Banking Group, Standard Chartered, SEB and others – signalling to the market Thought Machine’s critical role in the future of global banking technology.

Press Release

Survey on the Access to Finance of Enterprises: availability of finance improved amid increase in turnover

November 24, 2021

For the period from April to September 2021, small and medium-sized enterprises (SMEs) in the euro area reported an increase in turnover in net terms, reflecting the rebound in economic activity since the start of the coronavirus (COVID-19) pandemic (Chart 1).

Press Release

BNY Mellon Publishes Custody Documents for Negotiation on ISDA Create

November 24, 2021

The International Swaps and Derivatives Association, Inc. (ISDA) and Linklaters have announced that Bank of New York Mellon (BNY Mellon) has published key custodial documentation on ISDA Create, a move that will bring greater efficiency to the negotiation of custody agreements as firms prepare for phase six of the regulatory initial margin (IM) requirements for non-cleared derivatives in September 2022.

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