Quantum Risks May Need Regulatory Response, Finance Lobby Warns

The financial sector has a “narrowing” window to act against threats from quantum computing, the world’s biggest capital markets lobby has warned, adding that regulators might need to prod firms to bolster defenses.

Quantum computing, which can perform complex calculations far faster than traditional methods, is at the early stage of an industry embrace that has already seen HSBC Holdings Plc claim a breakthrough in trading more efficiently.