Search Results for: regulators
The new deal is a bad old deal
July 10th, 2020
So far, the current economic situation, together with the response by major governments, compares with the run-in to the depression of the 1930s. Yet to come in the repetitious credit cycle is the collapse in financial asset values and ...
Wirecard files for insolvency after ex-CEO arrested in $2 billion scandal
June 25th, 2020
Wirecard has filed for insolvency, just days after a $2 billion accounting scandal at the company burst into the open, crashing its stock and leading to the arrest of its former chief executive. The digital payments company said in ...
China takes battle for cryptocurrency hegemony to new stage
June 16th, 2020
Global competition for supremacy in digital currencies has entered a new phase with China’s creation of an East Asia cryptocurrency scheme and American social media company Facebook adjusting its Libra plan in line with the stance of U.S. regulators. ...
TikTok faces scrutiny from EU watchdogs over Data practices
June 12th, 2020
TikTok, ByteDance Ltd.’s social media app, is facing broader scrutiny over its privacy policies, following a decision by the European Union’s data protection chiefs to coordinate potential investigations. Wednesday’s announcement by a panel of EU authorities follows the decision ...
Statistics, lies and the reservoir effect
June 4th, 2020
This article debunks the misconception that GDP represents economic health. It explains how monetary flows have led to markets in financial assets inflating while non-financials in the GDP bucket are in deep distress. And why, at a time of ...
Beyond the pandemic – What will the criminal landscape look like after Covid-19?
May 12th, 2020
New Europol report assesses the impact of the pandemic on serious and organised crime across three phases. Based on criminal information from investigations in the Member States, Europol is assessing the impact of the pandemic across three phases; current, ...
Facebook’s Libra cryptocurrency gets revamp in response to backlash
April 22nd, 2020
Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval. The prospect of Facebook’s 2.5 billion users adopting Libra has led to intense ...
European stocks rally after historic sell-off; Stoxx 600 up 5%
March 13th, 2020
European stocks rallied on Friday during a volatile session after their worst sell-off in history, as the rapid spread of the coronavirus pandemic continues to dominate investor sentiment. The pan-European Stoxx 600 climbed 5%, with basic resource stocks surging ...
Facebook ‘rethinks’ plans for Libra cryptocurrency
March 5th, 2020
Facebook is reportedly rethinking its plans for its own digital currency after resistance from regulators. It is now considering a system with digital versions of established currencies, including the dollar and the Euro, according to Bloomberg and tech site ...
U.S. Financial Regulator wins Forex fraud trial; Defendants to pay more than $22.6 million
March 5th, 2020
The Commodity Futures Trading Commission (CFTC) announced that following a bench trial the U.S. District Court for the Middle District of Alabama entered a final judgment against defendants Husam Tayeh of Illinois and his companies, Dinar Corp., Inc. and ...
