Silk Road Samarkand: Uzbekistan’s International Tourist Centre
Financial regulation
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Cross-border payments still not easy enough, says Revolut Europe CEO
Launched in 2015, Revolut announced earlier this month that it had hit the 50 million customer mark globally, emerging as the most downloaded financial app in Europe.
EU must keep 'urgency' of digital euro process, says ECB project lead
Evelien Witlox, project director for the digital euro at the European Central Bank, discusses how the proposal is progressing, how the currency would work in practice, and what the key concerns are at this stage.
Volkswagen faces hefty fine for mistreatment of UK customers
The UK's financial watchdog found Volkswagen had sometimes confiscated cars from vulnerable customers "without considering other options".
Banks unprepared for next financial crisis, warns new report
Banking regulations must be tightened to ensure financial stability, says Brussels-based NGO Finance Watch. But, it warns, political will is lacking.
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Green securitisations can boost lending: French central bank
The controversial financial instruments are finding favour again as policymakers switch priorities from stability to growth.
Plans for a new EU financial data wire raise fears of a new monopoly
Some are sceptical about a Brussels plan to boost capital market transparency and investment.
Revolut CEO hopeful that UK banking licence is coming soon
The fintech company saw record full-year pre-tax profits in 2023, and hopes that will help convince the UK authorities to grant it a banking licence.
Cryptocurrency law coming in: Prepare for a bumpy ride
New Brussels legislation seeks to put an end to scams and turmoil that have characterised markets like bitcoin, but few if any seem set to comply.
President Michel looks to capital markets to solve economic woes
A summit next week could look at alternatives to bank finance in a bid to boost Europe’s fortunes – but previous attempts haven’t met with much success.
Judges retarget bank-rescue fund, ruling 2022 subscription unlawful
The EU’s €78bn Single Resolution Fund is meant to avoid a repeat of 2008-style taxpayer banking bailouts, but faced a string of legal problems.
Brussels bids to improve citizens’ financial savvy
Poor understanding of personal budgeting and financial markets has both social and economic costs, officials believe.
MEPs approve measures to tackle impersonation scams
New EU rules aim for easier access to cash with fairer charges, Poland’s Marek Belka said.
Bank crisis fund is now full, agency chief says
Eurozone banks have been pouring billions a year into a controversial EU fund designed to limit taxpayer bailouts – but it still might not be enough, a senior official said.
Controversial post-Brexit EU clearinghouse law finalised
A new EU law agreed early this morning compels banks to use domestic financial infrastructure – but not everyone’s happy.
Finfluencers warned over investment advice
Social media promotions may breach EU rules against financial-market abuse, ESMA said.
Financial crime compliance: Trends to watch in 2024
Euronews Business looks at LexisNexis Risk's assessment of the top trends for financial crime compliance that are likely to emerge this year