The Financial Stability Board believes that the development of artificial intelligence in finance will increase efficiency in the financial system, but it may lead to the creation of a serious risk for financial stability.
The consequence of the financial crisis is a change in consumer protection in the financial market, which so far has played a secondary role in the introduced regulatory standards and supervisory practices.
The nationalization of Ukraine's largest commercial bank Privatbank was a serious burden on the state budget, and experts claim that the company will still have to be subsidized for a long time.
After several years of expansion fintech companies have lost their momentum, both in terms of scale and revenue. As a consequence, they are now trying to implement new business models, including those based on cooperation with...
Banks with Russian capital, which have so far maintained a strong position in Ukraine, are now slowly preparing to retreat.
The results of a survey conducted by Poland’s central bank on attitudes towards modern payment methods show that the vast majority of Poles are using non-cash forms of payment, even when it comes to the settlement of accounts.
Risk areas in European banks are not being reduced, and are even on the rise when it comes to the chronic lack of profitability.
In early May of 2017, the Government of Serbia issued an executive act that regulates the privatization of the last state owned shares in domestic banks.
European banks are recording the lowest profitability in history but the number of bankers earning more than EUR1m is growing at an unprecedented rate. In 2015, there were more than 5,000 of them, up by 33 per cent compared with...
Global banks using London for their operations in Europe are currently facing a huge problem – how to conduct their operations in the European Union when the United Kingdom leaves the community.