The Bank of England is warning that additional policy measures may be required to mitigate financial stability risks from the growing concentration of power in the hands of global cloud providers.

New research from the UK's Financial Conduct Authority has found that excitement about the rising valuations attached to cryptocurrencies has firmly penetrated the retail consumer market.

Source: Shawbrook Bank

Shawbrook Bank has appointed its first Director for COO Risk and Operational Resiliency as it further strengthens its central Chief Operating Office structure.

Source: Blockchain Association Singapore

Global FinTech Institute (GFI), Singapore- based global professional credentialing body for FinTech professionals, Blockchain Association Singapore (BAS), the leading industry association for Digital Asset and Enterprise Blockchain, and Elliptic Singapore Private Limited (Elliptic), a leading provider of Digital Asset Risk Management Solutions for Digital Asset businesses and financial institutions, today announced it has inked a Memorandum of Understanding to roll out a Digital Asset Compliance Certification at a virtual event earlier today.

Source: Bank for International Settlements

The Basel Committee on Banking Supervision today issued Principles for operational resilience, which aim to make banks better able to withstand, adapt to and recover from severe adverse events.

Source: Refinitiv

Refinitiv is further expanding the scope of its data-driven due diligence reports with the addition of cybersecurity and company credit risk ratings from BitSight and Creditsafe.

The Financial Stability Board is attempting to develop a co-ordinated regulatory approach to the risks arising from bank outsourcing and third party relationships.