This is the Banking Risk and Regulation Brief, delivering your risk and regulation news roundup on August 7, 2025.
This week, Lloyds Banking Group completes a digital milestone that could reshape global finance. John Crowley reports on a real-time, on-chain interest rate swap settled with central bank digital money—an experiment backed by the Bank of England that shows programmable, real-time FX settlement is now a working reality.
In the US, Ken Westbrook warns that cyber scams are now a national security threat—and the country is falling behind. Drawing lessons from the war on drugs and child protection, he calls for a White House-led crackdown on transnational fraud, including a national fusion centre to tackle the threat.
And in the UK, AI-fuelled fraud is escalating fast. Francesca Washtell reports more than 217,000 fraud cases in just six months, with synthetic IDs, insider threats, and mobile account scams on the rise. Cifas calls it a national emergency—and warns the threat is outpacing traditional controls.
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