supervision
-
The Bank of Korea plans to include stable currency in its regulatory scope and legislate separately
On April 27th, the Bank of Korea stated in its \”2022 Payment and Settlement Report\” released today: \”Regulatory authorities are responsible for the basic supervision of encrypted a
-
Strengthening Digital Construction and Enhancing Smart Regulatory Capabilities and Levels: The Future of Internet Platform Supervision
According to reports, on April 13th, Luo Wen, Director of the State Administration for Market Regulation, stated that it is necessary to strengthen digital construction and enhance
-
OpenAI May Expand Its Japanese Language Services – CEO Sam Altman Talks AI Risks with Japanese Officials
According to reports, Sam Altman, co-founder and CEO of OpenAI, stated after meeting with Japanese Prime Minister Fumio Kishida that the company is considering setting up an office
-
Michael Barr appointed head of supervising and regulating banking case in Silicon Valley
It is reported that Michael Barr, the former adviser of Ripple and the current vice chairman of the Federal Reserve’s supervision, has been appointed by the board of supervisors as the head of supervision and regulatory review of the banking case in Silicon Valley. Barr will be responsible for conducting a thorough and comprehensive review of the supervision and supervision methods of failed banks and preparing follow-up work before May. The Federal Reserve appointed the former Ripple consultant as the supervisor of the banking case in Silicon Valley Analysis based on this information:Michael Barr, the former adviser of Ripple, is now the vice chairman of the Federal Reserve’s supervision, and the board of supervisors has appointed him as the head of supervision and regulatory review of the banking case in Silicon Valley. This is a significant move as Barr will be responsible for conducting a comprehensive review of the failed bank’s supervision and monitoring methods, and preparing follow-up work before…
-
French Minister assures stability of French banking system despite Silicon Valley concerns
According to reports, French Finance Minister Le Maire said that the French banking industry has a high level of liquidity and is under extremely strict supervision. We will pay close attention to the situation of Silicon Valley Bank (SVB). The failure of banks in Silicon Valley will not pose a risk to the French banking system. French Finance Minister Le Maire: will pay close attention to the situation of Silicon Valley Bank Analysis based on this information:The announcement from French Finance Minister Le Maire regarding the stability of the French banking industry comes as a reassurance to the market. The statement was made in response to concerns about the failure of Silicon Valley Bank, a California-based bank that specializes in offering services to startups and technology firms. Despite the reputation of the bank and the potential risks it poses, the minister assured the public that the French banking system is stable and under strict supervision. The French banking industry is…
-
Biden’s plan to strengthen supervision over large banks
On March 13, US President Joe Biden said that he was pleased that the Ministry of Finance had quickly solved the problem of banks in Silicon Valley, and would continue to pursue the responsibilities of the relevant parties that caused the chaos, and planned to continue to strengthen the supervision of large banks. Biden: Relevant parties responsible for the “chaos” of banks in Silicon Valley will be investigated, and the supervision of large banks will be strengthened Analysis based on this information:In a recent statement by US President Joe Biden, he expressed satisfaction regarding the swift actions taken by the Ministry of Finance to resolve issues with banks in Silicon Valley. However, he emphasized that this was not the end of the matter and that the relevant parties responsible for causing the chaos would be held accountable. Furthermore, he outlined his plans to strengthen the supervision of large banks in the country. The fact that Biden expressed his approval of…
-
The Federal Reserve’s Stance on Cryptocurrency and Banking Regulations
According to reports, Federal Reserve Chairman Powell said that the same activities and supervision are the basic principles of my support for cryptocurrency a…
-
Proposal to Amend the Law of the People’s Bank of China to give Legal Status to Digital RMB
It is reported that Fu Xiguo, a deputy to the National People\’s Congress and president of the People\’s Bank of China Shenyang Branch, proposed to submit a prop…
-
Bank of England’s Concerns on Supervision of New Payment Technologies
It is reported that Ben Broadbent, the deputy governor of the Bank of England in charge of monetary policy, said that the Bank of England is most concerned abo…
-
Custodian Bank Denied Federal Reserve Supervision
It is reported that Custodia Bank, the custodian bank of Caitlin Long, received a second refusal from the Federal Reserve. The Federal Reserve Board of the Uni…
-
JPMorgan Extols SEC’s Leading Position in Digital Asset Regulation
It is reported that JPMorgan said in a research report that the recent regulatory measures show that the United States Securities and Exchange Commission (SEC)…
-
G20 Meeting to Discuss Supervision of Encrypted Assets
It is reported that the meeting of finance ministers and central bank governors (FMCBG) of the Group of Twenty (G20) will be held in Bangalore from February 22…
-
Fitch warns of limited supervision in the crypto industry
According to reports, Fitch, an international rating agency, said that the collapse of the encryption company highlighted the problem of limited supervision. R…
-
NYDFS orders Paxos to stop issuing BUSD due to supervision problems with Qian’an
On February 14, the New York State Department of Financial Services (NYDFS) officially explained that: \”The department has ordered Paxos to stop casting the BU…