China Everbright Bank, a commercial bank and brokerage majority owned by the Chinese government, has agreed to use Misys PLC's trading and compliance and trading software.
Misys said Tuesday that China Everbright plans to use the Summit FT and Eagleye applications in its treasury and capital operations to reduce trading risk. China Everbright needed more advanced trading management software to respond to dramatic increases in volume, the London vendor said.
Three senior officials say attackers will eventually breach bank defenses, and supervisors should plan for it — while U.S. regulators stay nearly silent.
Banks continue to push back on what they describe as insufficient protections against stablecoin yield as the Senate Banking Committee is poised to mark up its long-awaited crypto market structure bill this week.
With regulatory scrutiny on the rise, banks are putting payment collaborations under the microscope.
Banks' deposit costs fell as the Fed made borrowing cheaper. But signs of increased competition are already emerging, and analysts see a tougher road ahead.
The Federal Reserve's April financial stability report found that asset valuations remain elevated, even as investors are beginning to demand more compensation for risk amid rising uncertainty around monetary policy.
Banking groups that sued the state of Illinois over its law barring banks from charging interchange fees on taxes and tips cheered an appeals court ruling remanding the law to a lower court and vowed to keep the law going into effect, which is slated for July 1.
