Ever since the financial crisis, the European Union has grappled with how to solve the so-called sovereign bank doom loop — the phenomenon whereby weak banks can destabilize governments that support them and over-indebted governments can push banks holding their bonds over the precipice. The widely touted solution is the European Banking Union, which the European Commission wants completed by ...

Bloomberg Central bankers around the world have set up or are creating departments to embrace big data in the quest for deeper insight into the economies they manage. “Isaac Asimov once said, ‘I do not fear computers. I fear the lack of them,’” David Hardoon, chief data officer at the Monetary Authority of Singapore, said in a recent speech. “We ...

Bloomberg Sweden’s financial industry is growing at a fast enough pace to ensure that the thousands of bankers being replaced by robots will still be needed, according to the country’s financial regulator. A digital revolution is seemingly making humans redundant. But Martin Noreus, the deputy director general at the Stockholm-based Financial Supervisory Authority, says most of the bankers affected won’t ...