The Latest Press Releases From Disruption Banking

From now on, Conotoxia multi-currency cards are offered to residents of almost all European Union countries and Norway. At the first stage of the product, the cards were only available for residents of Poland.

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Martin Moloney named as IOSCO Secretary General

July 1, 2021

The Board of the International Organization of Securities Commissions (IOSCO) today announced that it has appointed Martin Moloney as its new Secretary General.

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Establishment of the Monitoring Group Nominating Committee and Publication of the Open call for Applications to the Public Interest Oversight Board

July 1, 2021

Today, the Monitoring Group (MG) is pleased to announce a further step to implement the MG Reforms by establishing the Monitoring Group Nominating Committee (MG NC) and issuing an open call for applications for board members to the Public Interest Oversight Board (PIOB) for an initial 3-year term commencing January 1, 2022.

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Joint ECB/ESRB report shows uneven impacts of climate change for the EU financial sector

July 1, 2021

The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) today published a joint report that takes a closer look at how a broadened set of climate change drivers affects millions of global firms and thousands of financial firms in the European Union (EU)

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Systemic vulnerabilities in Money Market Funds

July 1, 2021

The 2020 financial market turmoil revealed that the regulatory reforms implemented after the global financial crisis did not address all sources of systemic risks in the money market fund sector.

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Stablecoins Could Pose New Short-Term Credit Market Risks

July 1, 2021

The Diem US-dollar stablecoin, which the Facebook-backed Diem Association plans to issue in partnership with Silvergate Bank, proposes to hold at least 80% of its reserves in low-risk short-term government securities.

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IOSCO consults on sustainability-related regulatory and supervisory expectations in asset management

June 30, 2021

The IOSCO Consultation Report on Recommendations for Sustainability-Related Practices, Policies, Procedures and Disclosure in Asset Management (Consultation Report) focuses on investor protection issues and proposes that securities regulators consider setting regulatory and supervisory expectations for asset managers regarding sustainability-related risks and opportunities.

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Klarna becomes first Fintech to join The Climate Pledge and Race to Zero campaign

June 30, 2021

Klarna is to implement decarbonization strategies in line with the Paris Agreement in order to reach net-zero greenhouse gas emissions in all scopes by 2040 at the latest.

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Banks to move online and form customer-centric digital ecosystems within five years, finds Economist Intelligence Unit report for Temenos

June 29, 2021

A new report published today by Temenos, the banking software company, finds that 65% of global banking executives believe branch-based banking will be “dead” within five years.

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Cambridge Global Payments selects Crown Agents Bank for payments in Asia and Africa

June 29, 2021

Crown Agents Bank has announced they have been selected as a new banking partner by Cambridge Global Payments, a FLEETCOR company and a provider of integrated cross-border payments and currency risk management solutions.

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Tide commits £100m investment and over 1,000 jobs as part of India market entry

June 29, 2021

Tide announced today that it will create over 1,000 jobs in India over the next five years. It also plans to invest more than £100m in India as part of the hiring surge, thus contributing to the economy as a key ally in the country’s growth story.

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Klarna selects Liberis to provide revenue-based finance to e-commerce companies across 17 countries

June 29, 2021

Global embedded business finance platform Liberis has today announced it has been selected by Klarna, the leading global payments and shopping service, for a strategic collaboration to provide additional financial services to Klarna merchants.

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Back on top in June? By Rupert Thompson, Chief Investment Officer at Kingswood

June 28, 2021

Not only does central bank policy remain supportive for equities but a lot of investor cash is also still sitting in money market accounts. This could yet end up in equities given the poor outlook for bonds.

Press Release

Bank of America Wealth Management Businesses Receive Multiple Industry Accolades for Digital Innovation

June 28, 2021

Bank of America today announced that its wealth management businesses, including Merrill Lynch Wealth Management and Bank of America Private Bank, have been recognized by three industry organizations for digital innovation and leadership.

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IOSCO elaborates on its vision and expectations for the IFRS Foundation’s work towards a global baseline of investor-focussed sustainability standards to improve the global consistency, comparability and reliability of sustainability reporting

June 28, 2021

The Board of the International Organization of Securities Commissions (IOSCO) has today published a report on issuers’ sustainability-related disclosures.

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UK firms raise £615 billion privately during pandemic, with further boom expected

June 28, 2021

New research from Globacap, the end-to-end capital management ecosystem, has revealed that UK firms have raised approximately £615 billion privately during the pandemic despite the economic conditions.Many firms have chosen to raise money privately rather than seeking IPOs and on a particularly positive note, a quarter raised more private investment than expected during Covid.

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