Fraud losses surge 20 percent, HKMA boosts bank defenses
Raymond Chan, Executive Director (Enforcement and AML) at the Hong Kong Monetary Authority, highlighted a 20 percent surge in fraud losses to HKD 1.85 billion in Q1 2026.
Soledad Núñez, Deputy Governor of the Bank of Spain, emphasized the crucial role of investment guarantee mechanisms at the 25th anniversary of FOGAIN.
Emad Aladhal, director of retail banking at the Financial Conduct Authority (FCA), called for later life lending to become a 'fourth pillar' of retirement funding.
Shoib Khan of the Bank of England's PRA announced plans for a consultation paper on a new UK captive insurance regime.
Dominique Laboureix, Chair of the Single Resolution Board, reviewed the effectiveness of banking crisis management reforms.
Raymond Chan, Executive Director (Enforcement and AML) at the Hong Kong Monetary Authority, highlighted a 20 percent surge in fraud losses to HKD 1.85 billion in Q1 2026.
European Central Bank President Christine Lagarde outlined a comprehensive strategy to address fragmentation in European payments and capital markets.
ECB President Christine Lagarde informed MEP Bruno Gonçalves that the EU requires an additional €477 billion annually for green investments.
Bank of Japan Executive Director Kamiyama highlighted the growing role of non-bank financial intermediaries (NBFIs) and investment funds at the AIMA Japan Annual Forum on May 14. He discussed their global expansion, characteristics in Japan, and potential risks to financial system stability.
Bank of Japan Executive Director Kazushige Kamiyama announced that no critical technical issues have been identified for the social implementation of a central bank digital currency.
Sharon Donnery, Member of the Supervisory Board of the ECB, emphasized the critical role of banking supervision in maintaining public trust.
Central Bank of Ireland Deputy Governor Mary-Elizabeth McMunn emphasized the need for high standards and global responsibilities in international financial services.