Determined to make Europe the first climate-resilient continent by 2050, the European Commission presented a package of new proposals that more granularly steer investments towards the environmental, social, and governance (ESG) tuned disclosure requirements.

Provincial banks accounted 9 out of 10 on the list

Chinese banks well positioned on this year’s strongest banks ranking while performance varied by categories

There is a constant flow of new developments in the financial services industry and payments is one area that is witnessing fast-paced change.

As hybrid working becomes more commonplace, organisations are grappling with the challenges of putting in place practical and secure remote working arrangements as well as risks from increased reliance on technology and having less control over the work environment

The largest US cryptocurrency platform goes public and China's digital renminbi testing speeds up

China’s State Administration for Market Regulation (SAMR) imposed administrative penalties on Alibaba for its antitrust activities in the online retail platform service market in China

Agustin Carstens, general manager of Bank for International Settlements in his speech at Princeton University said amid discussions on income and wealth inequality, the greatest contribution central banks can make is fulfilling the role of maintaining macroeconomic stability

As demand for sustainable products rises, stakeholders including consumers, investors, and regulators are pushing manufacturers, suppliers and lenders to incorporate ESG metrics in evaluating the performance of their supply chains.

There has been a number of proof-of-concepts and tests of blockchain or distributed ledger technology in financial markets to improve efficiency, accuracy and speed of securities clearing and settlement processes and transactions. The latest involving Credit Suisse, Nomura's Instinet and Paxos brings the industry closer to scaling up instant settlement.

Singapore’s three major commercial banks, DBS, OCBC, and UOB, reported improved financial results for the first quarter of 2021

Sustainability reporting is mandatory for banking institutions in Bangladesh considering environmental and socio-economic and governance issues

The multi-billion dollar losses announced by Credit Suisse and potentially more from other global banks in the Archegos collapse are clear signs that apparently extensive financial reforms in the past decade and more have simply not gone deep and wide enough to rein in excessive risk taking from all counterparties in the industry.

Some have predicted that cash is on the way out. However, the demand for dollar, euro and yen has steadily increased after the global financial crisis. Despite the success of cashless technologies, cash appears to hold its own.

US multinational investment bank and financial services company Citi plans to shut down its consumer banking operations in 13 countries to refocus on wealth management in Asia.