The role of the Chief Financial Officer (CFO) is paramount in companies as they take a more comprehensive approach to the business as a whole and promote a more general business focus.

Technology companies that offer digital payment services should see the same level of regulation as banks, the British Bankers Association said on Tuesday, in a move to protect consumers.

The arrival of digital banking apps and the Faster Payment System are making it easier for customers to move their money around. But this could make banks more vulnerable to a run on deposits, financial institutions and regulators have agreed.

The days of coasting are over for the banking sector as payments innovations and technologies rapidly gain traction with consumer and business customers.

Earlier this week, Francis Maude (the UK Minister for the Cabinet Office who is responsible for the UK Cyber Security Strategy) published a report called, ‘UK cyber security: the role of insurance in managing and mitigating the risk’ which explores how cyber security insurance can help firms manage their cyber risks better.

Foreign exchange (FX) market committees, run by the world’s major central banks, have agreed to a new code of conduct which provides guidelines for what dealers can say to each other about the market.