Dubai / Emirates Business UAE banks are rapidly adopting global best practices in securing online bank accounts and digital payments, industry experts commented today on a new report. Automation of security is the most frequently deployed digital transformation initiative among banks in Europe, the Middle East, and Africa, according to the recent IDC report, “The Digital Ready Bank”. When ...

  Bloomberg The Bank of England (BoE) will run two stress tests on the country’s biggest lenders next year, an annual assessment of risks from the financial cycle and an “exploratory” scenario geared to “emerging or latent threats” to financial stability. The central bank will publish the two scenarios in the first quarter of next year. The firms participating in ...

Bloomberg A “superstar” Barclays Plc trader fired amid the foreign-exchange market manipulation scandal lost his unfair dismissal case in London, three weeks after regulators banned him from the U.S. banking industry. The bank took “appropriate actions in light of” Chris Ashton’s “gross misconduct,” a London employment tribunal judge said in a Sept. 19 ruling. The decision is a rare complete ...