News published on Monetary Brief in May 2025

News from May 2025

UK PRA outlines new policies on step-in risk and other financial regulations

The UK Prudential Regulation Authority (PRA) has unveiled several key documents and updates, including its Business Plan for 2025/26, a consultation paper on climate risk management expectations for banks, prudential expectations on significant...

Treasury Secretary meets with Bahamian Prime Minister to discuss financial sector growth

U.S. Secretary of the Treasury Scott Bessent held a meeting with Prime Minister Philip Davis of the Bahamas on May 6, 2025.

Scott K.H. Bessent outlines U.S. economic strategies before House Committee

Secretary Scott K.H. Bessent addressed the United States House of Representatives Committee on Financial Services, discussing key aspects of the current administration's economic strategy and achievements.

Siblings find new paths at UC Berkeley after life challenges

Two years ago, siblings Ryan and Melissa Mattson began their journey at UC Berkeley as undergraduate history majors.

Treasury plans pilot program for foreign investors with fast track process

Today, the U.S. Department of the Treasury announced its plan to establish a fast track process aimed at increasing investment in U.S. businesses from allied and partner countries.

Treasury targets Chinese firms over imports of Iranian oil

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has intensified its efforts against Iran's oil exports by designating Hebei Xinhai Chemical Group Co., Ltd., a "teapot" refinery, and three port terminal operators in...

University Medal finalists show resilience amidst global turbulence

The University Medal finalists of 2025 have demonstrated resilience and commitment to idealism, according to a recent announcement.

UC Berkeley honors Asher Cohen as 2025 University Medalist

In a room soon to be vacated by Asher Cohen, the 2025 UC Berkeley University Medalist, mementos from his senior year reflect a diverse range of interests.

UC Berkeley alumni win multiple Pulitzer Prizes across various categories

The Pulitzer Prize Gold Medal, which features Ben Franklin on one side and a printer at work on the other, is awarded annually to the American news organization that wins in the public service category.

Black hole found far from galactic center raises questions about galaxy evolution

Astronomers from the University of California, Berkeley, have made a significant discovery in the field of black hole research.

Jonathan McKernan nominated for undersecretary role at U.S. Treasury

Secretary of the Treasury Scott Bessent has announced President Trump's intention to nominate Jonathan McKernan for the position of Undersecretary of Domestic Finance at the U.S. Department of the Treasury.

Federal Reserve representative addresses University of Richmond Class of 2025

The University of Richmond recently held its commencement ceremony at the Robins Center in Richmond, Virginia.

UC Berkeley graduate reflects on journey from wilderness therapy to academic success

Emily Thompson, a student at UC Berkeley, is set to graduate this May with a major in film and media and a minor in Scandinavian studies.

UC Berkeley students' Chatbot Arena gains traction among AI industry leaders

In the rapidly evolving world of artificial intelligence, Chatbot Arena has emerged as a significant platform.

Met Gala explores black dandy-inspired fashion with expert analysis

The Met Gala, held annually on the first Monday of May, featured a theme this year titled "Superfine: Tailoring Black Style."

Lindy Elkins-Tanton named director of UC Berkeley's Space Sciences Laboratory

Lindy Elkins-Tanton, a planetary scientist from Arizona State University (ASU), has been appointed as the new director of the University of California, Berkeley’s Space Sciences Laboratory (SSL).

Massachusetts invests $31M in expanding artificial intelligence ecosystem

During the IBM Think 2025 conference in Boston, Governor Maura Healey announced significant developments in Massachusetts' artificial intelligence sector.

IBM study reveals CEO commitment to advancing AI despite challenges

A recent global study by the IBM Institute for Business Value has revealed that CEOs are committed to advancing AI solutions within their organizations despite facing challenges from rapid technology adoption.

IBM partners with Oracle to enhance AI solutions through cloud integration

IBM and Oracle have announced an expansion of their partnership, focusing on integrating IBM's AI products with Oracle Cloud Infrastructure (OCI).

IBM unveils new hybrid technologies at annual THINK event

IBM has announced new hybrid technologies aimed at breaking down barriers to scaling enterprise AI, as revealed at the company's annual THINK event.