BNP’s Sudan troubles are far from over When BNP Paribas paid a mammoth $8.9bn penalty to US authorities in 2014, it might have looked like justice had been done on behalf of the victims of atrocities in Sudan’s western Darfur region. The French bank — the EU’s biggest by assets — admitted deliberately violating US...Read More

The Cyprus Securities and Exchange Commission (CySEC) has issued Directive 73-2009-07 on digital operational resilience (Fees and Contributions), which was published in the Official Gazette on 29 August 2025. The Directive implements EU Regulation (EU) 2022/2554 (DORA) on digital operational resilience and entered into force with immediate effect. The Directive introduces annual contributions, and for...Read More

Digital tokens perceived as safe assets come with hidden risks for retail investors, says Professor Jean Tirole. Jean Tirole, a Nobel Prize-winning economist, has warned about “insufficient supervision” of stablecoins and the possibility that governments will be forced into multibillion-dollar bailouts should the tokens unravel in a future financial crisis. In an interview with the...Read More

Money is clever, weird stuff. While entirely abstract, it also reifies our social power structure. It’s a form of memory, a way to organise strangers, and a utilitarian means by which the value to society of incommensurable things is plutocratically triangulated. More than that, it’s the stuff we use to pay the window cleaner. Being...Read More

Financial Times,JPMorgan explores lending against clients’ crypto holdingsJPMorgan Chase is exploring lending against clients’ cryptocurrency holdings, in the latest sign that the biggest US banks are endorsing the move of digital assets into the mainstream. The policy would mark a big shift for JPMorgan’s chief executive Jamie Dimon, who eight years ago branded bitcoin a...Read More

For Nkiru Uwaje, co-founder and chief operating officer of trade payments group Mansa, stablecoins are an integral part of her daily corporate life. The tokens, a form of cryptocurrency that acts like cash, account for 90 per cent of business activities at the group, which helps small businesses in Africa, south-east Asia and South America....Read More

Report highlights how direct lenders are forging increasingly close ties to more tightly regulated financial groups Bank lending to the $1.6tn private credit industry may pose systemic risks to the US financial system during an economic downturn, the Federal Reserve’s Boston branch warned on Wednesday. Boston Fed economists said in a paper that US lenders...Read More

Industry may become a ‘locus of contagion’ during market upheaval, report from US officials and bankers says Private credit is now so intertwined with big banks and insurers that it could become a “locus of contagion” in the next financial crisis, a group of economists, bankers and US officials has warned. Researchers from Moody’s Analytics,...Read More

Investors’ concerns about US policymaking and Fed independence weigh on greenback and bonds The close relationship between US government bond yields and the dollar has broken down as investors cool on American assets in response to President Donald Trump’s volatile policymaking. Government borrowing costs and the value of the currency have tended to move in...Read More

The Cyprus Securities and Exchange Commission (CySEC) has outlined key aspects of the implementation of the Digital Operational Resilience Act (DORA), a European regulatory framework designed to enhance the cybersecurity and operational resilience of the financial sector. Overview of DORA DORA establishes uniform requirements for managing ICT risks across financial entities in the EU. The...Read More