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17 Mar 2022, 10:34 am
.), output, or products that are better than what the market could provide in the absence of industrial policy; and a requirement that these market-beating commercial outcomes be generated within national borders. [read post]
15 Mar 2022, 9:09 am
The rules provide that a loan made by a national bank, federal savings association, or federally-insured state-chartered bank that is permissible under applicable federal law (Section 85 of the National Bank Act (NBA) or Section 27 of the Federal Deposit Insurance Act (FDIA)) is not affected by the sale, assignment, or other transfer of the loan. [read post]
14 Mar 2022, 7:47 am
Central Bank Digital Currency (CBDC),[1] which it says has the potential to support efficient and low-cost transactions and foster greater access to the financial system. [read post]
14 Mar 2022, 7:28 am
The Administration touts the “opportunity to reinforce American leadership in the global financial system and at the technological frontier,” while in the same sentence it mentions the “substantial implications for consumer protection, financial stability, national security, and climate risk. [read post]
14 Mar 2022, 4:00 am
As this Cleary alert notes: The Order emphasizes the link between federal action and national security – both in terms of ensuring appropriate regulation and in staking out a U.S. leadership role in developing digital asset technology. [read post]
13 Mar 2022, 9:02 pm
Proponents of digital assets argue they give retail investors, average consumers, and marginalized groups better access to financial services. [read post]
13 Mar 2022, 5:13 pm
” The Evening Standard, The National and The Journal cover the story. [read post]
11 Mar 2022, 9:03 pm
In a paper for the Bank of Italy Occasional Paper, Oscar Borgogno and Michele Savini Zangrandi of the Bank of Italy evaluate the global data governance regime of digital platforms. [read post]
11 Mar 2022, 1:39 pm
This fear has been born out previously with nations such as North Korea targeting cryptocurrency as a way to evade sanctions on its nuclear and ballistic missile programs. [read post]
10 Mar 2022, 9:10 pm
Central Bank Digital Currency. [read post]
10 Mar 2022, 2:14 pm
But then due to the pressure of maintaining the business and living up to society’s and his own expectations, he is ultimately consumed with self-doubt. [read post]
10 Mar 2022, 2:14 pm
But then due to the pressure of maintaining the business and living up to society’s and his own expectations, he is ultimately consumed with self-doubt. [read post]
10 Mar 2022, 10:42 am
”) that articulates a high-level, wide-ranging national strategy for regulating and fostering innovation in the burgeoning digital assets space. [read post]
10 Mar 2022, 7:53 am
The actions contemplated by the Order include an assessment of the possible benefits and risks of launching a U.S. central bank digital currency (CBDC). [read post]
9 Mar 2022, 2:50 pm
"These efforts should include assessments of possible benefits and risks for consumers, investors, and businesses; financial stability and systemic risk; payment systems; national security; the ability to exercise human rights; financial inclusion and equity; and the actions required to launch a United States CBDC if doing so is deemed to be in the national interest. [read post]
9 Mar 2022, 9:03 am
Monetary authorities globally are also exploring, and in some cases introducing, central bank digital currencies (CBDCs). [read post]
7 Mar 2022, 10:03 am
Nations and their political subdivisions are a patchwork quilt. [read post]
6 Mar 2022, 4:02 pm
Data Privacy and Data Protection The British National Health Service Digital’s former chairman Kingsley Manning has warned that the merger of the agency and NHS England puts the privacy of 55 million citizens’ medical information at risk, and creates additional barriers for citizens to ask about the use of their data. [read post]
4 Mar 2022, 5:01 am
Chinese regulators also renewed their inquiry into Jack Ma’s Ant Group last week, asking China’s state-owned firms and banks to report their financial exposure to Ma’s conglomerate. [read post]
3 Mar 2022, 9:03 pm
In a recent report, the Consumer Financial Protection Bureau (CFPB) raised concerns about reporting medical debt on consumer credit reports. [read post]
