Finextra: BofE plans cloud-based data platform and AI pilots
The Bank of England is building out a cloud-based data and analytics platform after an independent review found “nervousness” in adopting the technology.
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Regulation
ESG Today: Republican States Launch Lawsuit to Block New SEC Climate Disclosure Rules
This was to be expected!
Reuters: US regional bank stocks steady after brutal sell-off
The markets are still fragile and it does not take much to freak them out.
CIO: CIOs rise to the ESG reporting challenge
Corporate ESG reporting is getting real for companies around the globe.
Ledger Insights: EU Council agreement on crypto AML regulations – details revealed
AML rules starting to tighten around Crypto.
AWS: ISO 42001: A new foundational global standard to advance responsible AI
The first of what I suspect will be many standards for AI – but how effective will they be?
Finextra: Elon Musk’s X granted payment processing license in 13 US states – and counting
Elon Musk’s dream of creating what he originally wanted to do with PayPal continues.
Finextra: What the EU’s new crypto asset regulation means and how it will transform 2024
This is overall a good thing to help overcome some people’s reluctance to trade crypto due to a lot of bad news about it.
Retail Banker International: Bank of England, FCA and PRA team up to increase resilience of financial services
Operational Resilience is a key target areas for the regulators currently.
The Banker: Managing reputation risk: a cautionary tale
Reputational Risk is key and this is an example of how easily it can happen.