The Basel Committee on Banking Supervision is planning to assign cryptocurrencies the toughest capital requirements, for fear that the risks to financial stability would be significant if banks expanded their offerings in the volatile market.

The central bank also said banks shouldn't take that message as a signal that a negative-interest-rate policy is imminent.

Protocol expected to be released soon would provide fallback language for transition to new benchmarks, even if plans are currently unclear.

More than half of published LIBOR rates during one week in March were based on no transactions.

Global watchdog says the benchmark's performance through recent financial turmoil underscores the need to retire it.

U.K. announcement throws cold water on speculation that the final deadline to transition away from LIBOR might be delayed due to Covid-19.

New European Union guidelines instruct banks to consider environmental impacts and climate change when making lending decisions.

EU commissioner in charge of financial services warns of ongoing risk of financial instability "because industry has not so far fully prepared for a no-deal Brexit."