Monetary Brief News

The Office of the Superintendent of Financial Institutions (OSFI) in Canada has modified its Guideline B-15, focusing on Climate Risk Management.

Achieving interoperability within banking systems is increasingly necessary to maintain a competitive edge amidst regulatory challenges, market shifts, and interconnected risks.

Moody's Banking continues to explore technological advancements in the banking sector through its SaaS platform.

Moody's recently sponsored the MIT iQuHack 2025, a significant event in the quantum computing community.

When the COVID-19 lockdowns began in 2020, banks were compelled to rapidly embrace digital transformation.

Regulatory bodies in the US, EU, and UK have announced their respective strategies for stress testing banks.

A recent report by the Bank for International Settlements (BIS) examines the increasing use of artificial intelligence (AI) by central banks and provides guidance on establishing effective AI governance frameworks.

The European Banking Authority (EBA) has finalized the implementing standards for the Pillar 3 Data Hub (P3DH), which will centralize prudential disclosures of banks and make this data publicly available through a single electronic access point.

Moody's has introduced Maxsight, a new platform aimed at helping businesses manage and understand risks associated with third-party relationships, supply chains, and compliance processes.

The financial sector is poised to be among the first to adopt quantum computing technologies as they become commercially viable in the coming years.

GenAI is transforming the financial services industry by increasing efficiency and enhancing decision-making capabilities, according to a recent report.

The global financial regulatory landscape is evolving with new developments from key international bodies.

The European Banking Authority (EBA) has released several key publications aimed at improving the regulatory framework for banks.

The exploration of quantum artificial intelligence (QAI) is gaining momentum as it combines the advancing fields of quantum computing and artificial intelligence.

The UK Prudential Regulatory Authority (PRA) has decided to postpone the implementation of Basel 3.1 by one year, now set to begin on January 1, 2027.

The European Banking Authority (EBA) has released its final guidelines on managing Environmental, Social, and Governance (ESG) risks.

The global approach to sustainability disclosures is experiencing a significant transformation, particularly affecting the banking industry.

At the beginning of 2024, a publication titled “The road to useful quantum computing” reviewed advancements toward "logical qubits" from 2023.

In early 2024, the publication "The road to useful quantum computing" highlighted advancements towards logical qubits and suggested that it was an opportune time to focus on this technology.

On October 30, Chartis Research released its 2024 market quadrants report on Credit Data Solutions.