Europe
EU AI Act leaves agents in regulatory limbo
A new paper published by AI ethicists draws attention to a hole in the EU AI Act surrounding high-risk agentic systems.
Stuck in the sandbox: Why bank stablecoin projects struggle to get off the ground
Five years after a wave of banks announced stablecoin ambitions, most projects remain stuck in testing. WatersTechnology spoke to more than 25 experts to find out why an increasingly mature technology has yet to translate into production-grade bank…
The race to ‘financialize’ GPU compute set to ratchet up
The Waters Wrap: Anthony looks at two companies aiming to bring efficiency and transparency to the GPU compute market.
How banks are utilizing new AI forms in their KYC process
Execs from JP Morgan, ING, and Standard Chartered explain how they are looking to use agentic AI to streamline KYC workflows.
Tata’s ‘self-healing network,’ 24X’s uphill battle, Gresham’s new ‘Opus’ and more
A look at some of the biggest stories and news from the past week.
Securities industry nears tipping point for dual messaging standards
Industry groups call for a freeze on ISO 15022 maintenance to accelerate ISO 20022 adoption.
LSEG’s TradeAgent to challenge swap confirmation monopoly
Post-trade platform aims to extend clearing efficiencies to bilateral markets beyond SwapAgent.
SigTech’s closure amid agentic AI boom raises questions
Sources say competition from leading AI companies was too stiff to combat.
After Dora, ITRS pursues agentic AI for autonomous monitoring
Chief product officer says firms can bolster data resilience with new forms of AI.
Esma won’t soften regulatory expectations for cloud and AI
CCP supervisory chair signals heightened scrutiny of third-party risk and operational resilience.
Esma supervision proposals ensnare Bloomberg and Tradeweb
Derivatives and bonds venues would become subject to centralized supervision if the proposed reforms go through.
Cyber insurance premiums dropped unexpectedly in 2025
Competition among carriers drives down premiums, despite increasing frequency and severity of attacks.
Market participants voice concerns as landmark EU AI Act deadline approaches
Come August, the EU’s AI Act will start to sink its teeth into Europe. Despite the short window, financial firms are still wondering how best to comply.
Fidelity expands open-source ambitions as attitudes and key players shift
Waters Wrap: Fidelity Investments is deepening its partnership with Finos, which Anthony says hints at wider changes in the world of tech development.
TMX Datalinx makes co-location optionality play with Ultra
Data arm of the Canadian stock exchange group is leveling up its co-lo capabilities to offer a range of options to clients.
AI strategies could be pulling money into the data office
Benchmarking: As firms formalize AI strategies, some data offices are gaining attention and budget.
Why UPIs could spell goodbye for OTC-Isins
Critics warn UK will miss opportunity to simplify transaction reporting if it spurns UPI.
Banks split over AI risk management
Model teams hold the reins, but some argue AI is an enterprise risk.
RBC takes European traders to the Endgame
The Canadian bank’s complex execution algorithm, increasingly popular with traders stateside, is making landfall in Europe. But the region’s fragmented markets mean adoption is not simply a matter of plug-and-play.
New EBA taxonomy could help banks track AI risk
Extra loss flags will allow banks to track transversal risks like geopolitics and AI, say experts.
SimCorp–MSCI expand partnership, quantum exploration, Dora concerns, and more
The Waters Cooler: Droit launches GenAI regtech tool, bids for EU OTC derivatives tape open, and more in this week’s news roundup.