The UK Treasury committee says the government and Bank of England's “wait-and-see approach” to AI risks in the financial sector exposes the UK to “serious harm”
Government, Bank of England and FCA criticised for taking ‘wait-and-see’ approach to AI use in financial sector
Sources: Bank of England officials are holding up Revolut's full UK license over concerns about whether its risk controls can keep pace with its global growth
Financial Times :
Sources: Bank of England governor blocked a meeting arranged by UK Chancellor between regulators and Revolut to discuss Revolut's full banking authorization
Financial Times :
Report: a group of central banks developed 33 API functionalities to test 30+ CBDC online, offline, and in-store use cases, via QR codes, phones, and more
An API layer could facilitate a wide range of central bank digital currency payment scenarios, a Bank for International Settlements and Bank of England experiment has shown.
HSBC acquires Silicon Valley Bank's UK arm for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B in loans and ~£6.7B in deposits
Sale Facilitated by Government, Bank of England Tweets: Jeremy Hunt / @jeremy_hunt : This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC D...
UK debuts Cryptoassets Task Force, a collaboration between the Treasury, Bank of England, and Financial Conduct Authority to explore crypto's risks and benefits
Annaliese Milano / CoinDesk :
UK debuts Cryptoassets Task Force, a collaboration between the Treasury, Bank of England, and Financial Conduct Authority to explore crypto's risks and benefits
Annaliese Milano / CoinDesk :
Winklevoss' Gemini exchange and Coinbase suffer extended service outages, citing “all-time high traffic”; bitcoin dropped to $9.4K from all time high of ~$11.4K
Coinbase : 8 . Ashour Iesho / Bitcoinist.com : Bank of England Deputy Claims Bitcoin ‘Too Small’ to Threaten World Economy Leigh Cuen / International Business Times : Why Bitcoin Prices Just Hit $11,0...