Mid-sized US banks are asking regulators for help

03/19/2023 adminbanks, midsized, regulators0 comment

×: Photo: Reproduction a American Coalition of Medium Banks (MBCA) called on US regulators to extend deposit insurance for all of these institutions the next two years. According to a report published by Bloomberg News, the remedy “I would stop running immediately” deposits from small banks, stabilizer banking sectorexcept restore confidence in the financial system. the collapse of Silicon Valley Bankwhich held a large number unsecured deposits forced account holders to transfer their funds beyond the limit guaranteed by the FDIC (Federal Deposit Insurance Corp.); “Banks are too big to…

World News

Conexis, NEO, Telcomp and other industry groups come to the defense of regulators

02/07/2023 adminConexis, Defense, groups, Industry, NEO, regulators, TelComp0 comment

Illustration: La Mandarina Dibujos/Mobile Time Professional associations in the highways, airports, ports, railways, telecommunications and basic sewerage sectors issued a press release against Supplementary Amendment no. , ANTF, Conexis, Telcomp. Association NEO, Abcon Sindcon and Asfamas, the document defends the framework of regulatory agencies and that these bodies are strong and independent. “Proposals that aim in any way to empty the normative and decision-making powers of these entities – which are increasingly improving their processes, with deep technical evaluations and expansion of participation and social control – characterize an institutional…

English

FTX says Bahamas regulators hold $296 million, not $3.5 billion in company’s assets – SABC News

12/31/2022 adminassets, Bahamas, billion, companys, FTX, hold, million, News, regulators, SABC0 comment

FTX on Friday disputed claims by the Securities Commission of the Bahamas (SCB) that the regulator is holding $3.5 billion of the failed cryptocurrency exchange’s assets. When the Commission seized FTX’s digital assets in November, they were worth just $296 million, FTX said in a statement. FTX urged the commission to “clear up any confusion” about the assets it owns and their value. The regulator began liquidation proceedings against FTX Digital Markets Ltd., the company’s Bahamas-based arm, in November. FTX said it will seek the return of all seized assets,…

Tech

New York financial regulators issue crypto guidelines for banks

12/19/2022 adminbanks, Crypto, financial, guidelines, issue, regulators, York0 comment

The New York State Department has distributed guidance to regulated banks that wish to engage in cryptocurrency-related activities. The DFS has provided these banks with a list of requirements to submit to the state regulator that wants to do business in cryptocurrency. Effective immediately, the guidance outlines the application process and “summarizes the types of information that the Department deems relevant” to obtaining agency approval. This guidance document consists of 11 pages that frame the information through graphic symbols and present the information requirements for different categories such as “Business…

English

The collapse of FTX drew the attention of regulators in various countries to the cryptocurrency market.

11/24/2022 adminattention, collapse, countries, Cryptocurrency, Drew, FTX, market, regulators0 comment

The collapse of the FTX exchange has made regulation of the crypto sector urgent, the new president of the International Organization of Securities Commissions (IOSCO), Jean-Paul Servet, said in an interview with Reuters. He added that these “conglomerate” platforms will be the focus of regulators’ attention in the coming year. Image source: REUTERS/Dado Ruvic Servais opined that the regulation of cryptocurrency platforms could be based on the same principles applied to other areas of the economy dealing with conflicts of interest, without starting from scratch. Although the cryptocurrency market has…

Tech

Abu Dhabi regulators choose blockchain to speed up court processes

11/17/2022 adminAbu, Blockchain, choose, Court, Dhabi, processes, regulators, speed0 comment

Several parts of the world are currently studying blockchain technology to exploit its potential in all sectors. In a recent development, lawmakers in Abu Dhabi have decided to use blockchain technology to make commercial court processes more efficient. Blockchain-powered digitization is expected to allow courts and affected parties instant access to commercial court decisions, which will simplify and facilitate international trade litigation. “The blockchain solution will result in significant cost and time savings for parties in implementing their business decisions. Secure and immutable judgments will be immediately available to parties…

Tech

Activision acquisition: Phil Spencer calls regulators’ concerns ‘valid’

11/01/2022 adminacquisition, Activision, calls, concerns, Phil, regulators, Spencer, Valid0 comment

Phil Spencer, head of Xbox at Microsoft, said regulators’ concerns about Activision and Microsoft not being taken over by & aogon; “Ears and honestly.” However, he believes the transaction will eventually be approved. According to VGC, the statement & zacute; drop & stroke; and during the WSJ Tech Live conference. The businessman will share & lstrok; si & eogon; then his observations about the concerns of regulators about the merger of the two companies. “Our discussions with the regulators so far have been fair and honest. There is no doubt…

Tech

Activision acquisition: UK regulators ask players for feedback

10/23/2022 adminacquisition, Activision, feedback, players, regulators0 comment

UK Competition and Markets Authority (CMA) og & lstrok; axis & stroke; further steps during the so-called “Second Phase” & sacute; Microsoft’s investigation into the purchase of Activision. How are you & eogon; it turns out that officials & aogon; height & stroke; ear & cacute; consumer feedback. & eogon; published on the British government website. “At this time, we invite everyone, including everyone in society, to share & eogon; with us your & aogon; opinion & aogon; about the transaction“- we read. Regulators are worried about & aogon; mainly…

Tech

Microsoft tells regulators it wants to create an Xbox mobile app store

10/20/2022 adminapp, create, Microsoft, mobile, regulators, store, tells, Xbox0 comment

When it came to the smartphone business, Microsoft could have been a rival. Windows Mobile was the operating system for many popular pre-iPhone phones like the Motorola Q. It also worked with some post-iPhone touchscreen models like the HTC Touch Diamond, HTC Touch Pro, and HTC HD2 to name a few. Many users preferred Microsoft’s Windows Phone over iOS and Android because of its smooth and fluid scrolling. But Lumia phones running the software, whether made by Nokia or Microsoft, were never considered, and as a result, developers never felt…

English

Broadcom’s VMware deal could win quick approval from European regulators

10/17/2022 adminapproval, Broadcoms, deal, European, Quick, regulators, VMware, win0 comment

In late May, telecommunications component maker Broadcom announced that it had bought virtualization software company VMware for $61 billion. Informed sources report that European regulators do not see a reason to start the second phase of coordination, everything can be limited to the first, bringing the transaction processing time closer. Image source: Getty Images As the example of the failed NVIDIA-Arm deal showed, acquisitions of this magnitude often worry regulators. According to Reuters, in the event of a possible deal between Broadcom and VMware, European authorities feel that it would…