BOE Will Reflect on Steeper Curve in Quantitative Tightening Review, Bailey Says
Like other central banks, the BOE has been reducing the portfolio of government bonds it acquired as a result of its efforts to boost the economy through a policy known as quantitative easing.
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Atletico Madrid eye £34m Chelsea transfer
Atlético Madrid have made contact with Renato Veiga's representatives as the club eye a move for the Chelsea defender. Veiga has returned to Chelsea after spending the second half of last season on loan at Juventus. The Portugal international joined Chelsea from FC Basel last summer but was unable to break into Enzo Maresca's plans. Amid a desire for more minutes, in his preferred centre-back position, Veiga left on loan in January. He made 15 appearances for the Italian side in all competitions but no option to extend his time in Turin was triggered. The defender is now exploring a permanent exit and Atletico Madrid are keen to strike a deal. Fabrizio Romano has reported that talks between Veiga's camp and Atletico have taken place, with the 22-year-old open to the move to the Spanish side. He is keen to secure regular football to boost his chances of making the Portugal squad for next summer's World Cup, having helped his nation to Nations League success this summer. Chelsea have set a price tag of €40m (£34.6m) for Veiga, having acquired the centre-back for just €14m (£12.1m) 12 months ago. Read – See more – Follow The Football Faithful on Social Media: | | | |
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What keeps European payment executives awake at night? New Celent report alert
Earlier this year, Celent surveyed senior payments executives at banks across seven of the largest European markets: France, Germany, Italy, the Netherlands, the Nordics, Spain, and the UK. The Celent survey of European Banks featured only executives with senior leadership responsibility for payments technology investment, with either their own technology budgets or direct influence on technology budget prioritisation. Celent sought to explore two major areas: Executive attitudes to market developments, e.g., how they view certain regulatory and competitive developments, what they expect to have the biggest impact on their business, who is likely to benefit the most, and their views on the payments market growth. Payments in their organisations today and investment priorities, e.g., how banks view and manage payments today, what is driving technology-related projects in payments this year and in the next few years, areas in which they expect to make the biggest investments, and where they are in the modernisation cycle for some of their key payment systems. The European payments market is undergoing tremendous amount of change. Celent has been exploring the regulatory and competitive forces driving that change and how those might shape the European payments market over the next 5-10 years in several recent reports, such as: A Future of European Payments: Getting Ready for a Seismic Shift in Commerce Rethinking Your Digital Wallet Strategy: From Payments to Identity and Agentic Commerce Ding Ding, Round Three: PSD3 and the PSR1 Take Shape While those reports were informed by Celent's research and regular dialogue with the market participants, it was also keen to capture the voice of bank executives more formally and directly. What keeps European payment executives awake at night: key takeaways include: The European banks expect regulatory changes to have the biggest impact on the payments market over the next five years. Of those, banks identified the third Payment Services Directive (PSD3), Instant Payment Regulation (IPR), and digital euro as the top three regulatory changes shaping the market. While 44% of banks view the upcoming regulation as an opportunity, there are significant differences in attitude based on size, type, or geography. 50% of banks say that their payments business margins are becoming harder to maintain, although only 22% have a good handle of their P&L. Open banking payments and account-to-account digital wallets top the banks' investment agenda for the next two years, with much of that investment already underway. 48% of banks intend to upgrade their credit card issuing platforms in the next 1-2 years. Details on how to access the full report is available via this link. "What keeps European payment executives awake at night? New Celent report alert" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
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Man City losing another Treble winner! Ederson agrees transfer terms as Brazilian goalkeeper prepares to swap Premier League giants for Galatasaray
Ederson agrees to join Galatasaray Negotiations have begun with Man City Brazilian had offers from Saudi Pro League clubs Follow GOAL on WhatsApp! 🟢📱 WHAT HAPPENED? A report emerged earlier this week that Galatasaray have approached the Cityzens with a €3 million (£2.6m/$3.5m) offer for goalkeeper Ederson as the Turkish giants are interested in luring the experienced Brazilian away from the Etihad. Now, journalist Yagiz Sabuncuoglu has reported that the Selecao star has agreed personal terms with Galatasaray and the Turkish champions have begun negotiations with English giants over the transfer fee. THE BIGGER PICTURE Ederson, who joined City from Benfica in 2017, is all set to leave the club after spending eight memorable years as Pep Guardiola begins reshaping his squad ahead of the upcoming 2025-26 campaign. The club have reportedly identified Ederson's replacement as they are eyeing a move for Burnley's James Trafford. DID YOU KNOW? While Galatasaray are now the front-runners to sign the 31-year-old goalkeeper, he also had lucrative offers from Saudi Pro League giants Al-Hilal and champions Al-Ittihad. WHAT NEXT FOR MANCHESTER CITY? Guardiola's men, who competed in the Club World Cup in the U.S. this summer, are scheduled to play just one pre-season friendly against sister club Palermo FC on August 9 before they kick off the new season against Wolves seven days later.
