Finance News

Within the Open Access Government Finance News section, you can find a wide variety of information on the changes in the financial sector.

We often explore the development of digital banking and the future of Fintech, along with the World Bank and World Trade Organisations (WTO) stories. You can also find expert opinions on many popular topics within this category along with insights into the financial changes in other countries.

This category also covers poverty and pensions in the UK along with any legal changes to financial law. Up to date articles are available on fiscal policy and trade wars within the sector.

reporting rules

UK financial regulator fines US bank £35m for breaking reporting rules

The UK financial regulator has issued the Bank of America's Merrill Lynch a £35 million fine for violating transaction reporting rules
rising employment

Real wages fall despite rising employment

Data shows that when inflation is taken into account wages are declining despite the rising employment broadcasted by the government
blockchain

The rise and future of Blockchain

In this article, the founder and co-founder of the Blockchain Federation provide insight into the future for a blockchain based purpose-economy
low-income tenants

Rents rising for low-income tenants

Low-income tenants have seen a rise in the proportion of their wages being spent on rent over the last 20 years, as revealed by new data
cryptocurrency bubble

Bitcoin price rises over $5000 amid warnings of a cryptocurrency bubble

The price of bitcoin has risen above $5000 and is now more valuable than gold, generating warnings of a possible cryptocurrency bubble
changing regulatory rules

Changing regulatory rules in financial institutions

Jean Noël Georges at Frost & Sullivan explains how RegTech providers can aid financial service organisations in meeting changing regulatory rules
economic development

Time to support ‘non-statutory’ economic development practitioners

The Institute of Economic Development (IED) puts forward the case for supporting economic development practitioners in local government
state cryptocurrency

Dubai launches world’s first state cryptocurrency

The local government of Dubai has launched emCash, the world's first state cryptocurrency, which will be available to all UAE citizens
interest rates

Bank of England says interest rates could rise as soon as November

Bank of England Governor Mark Carney has said that interest rates could rise as soon as November and admitted fears over household debt
cryptocurrency jobs

Cryptocurrency jobs double over the last six months

The number of cryptocurrency jobs has doubled over the last six months as companies seek out employees who understand digital money
public inquiry

Public inquiry needed into debt crisis, insist senior MPs

Senior MPs have urged the government to open up a public inquiry into the £200 billion worth of debt burdening households across the country Two...
value against the dollar

Pound value against the dollar highest since Brexit vote

The pound has reached its highest value against the dollar since the Brexit vote sent its value plummeting, with speculation it could rise in coming months
cryptocurrency prices

Cryptocurrency prices crash as China cracks down on Bitcoin

Cryptocurrency prices have dropped dramatically as rumours spread that China will become the first country to begin cracking down on Bitcoin 
Effective procurement is essential

Credit card companies extend limits for those with debt

A charity has claimed that major credit card companies have been automatically extending credit card limits for those already burdened by debt
May pledges £2bn research and development investment

UK companies to be required by law to release pay ratios

Under a new law, UK companies will be required to release pay ratio difference between CEOs and the average employee in a bid to increase transparency

A new contactless payment solution for public transit

Contactless payment is benefiting Canadian transport systems, explains Louis-Martin Fournier, Product Manager at the Desjardins Group
imec start-up incubation programme diagram

Imec start-up incubation for digital entrepreneurs

For those looking to kick-start their tech business, this imec start-up incubation programme offers support with coaching, facilities and funding Imec.istart is an imec business...

Is cryptocurrency the new digital phenomenon?

Open Access Government looks at new digital technologies such as blockchain and bitcoin and highlights cryptocurrency and where it may go in the future Cryptocurrency...
commissioner

Budget Commissioner warns Brexit will led to “small cuts”

The EU’s budget will have to be scaled back after Brexit, says European Commission Budget Chief Günther Oettinger

How does the pension world look in 2017?

Pensions and Lifetime Savings Association’s Graham Vidler shares his expectations for the pension world in 2017 and the next generation of pensioners

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