Topline The Federal Reserve is considering a stricter set of rules to govern midsize banks which could see these entities face similar oversight as the largest banks in the country, the Wall Street Jo...
Tag: Oversight
Powell Should Recuse Himself From Fed’s Internal Review Of SVB Oversight, Elizabeth Warren Says
Topline Sen. Elizabeth Warren (D-Mass.) called on Federal Reserve Chair Jerome Powell to recuse himself from the agency’s internal probe of its role in the Silicon Valley Bank collapse, a day after De...
Federal Reserve will re-examine its own oversight of Silicon Valley Bank
Ad The Federal Reserve Board announced that it will lead a review of its own supervision of Silicon Valley Bank (SVB), according to a statement on March 13. Fed will look into its own regulation Vice ...
China plans to revamp finance, tech oversight
Delegates and officials gather at The Great Hall of the People in Beijing on March 5, 2023, for the opening of the annual National People’s Congress. Lintao Zhang | Getty Images News | Getty Ima...
You Can’t Trust Crypto Firms Until They Get Federal Oversight
“We won’t be able to know which players are trustworthy and which aren’t until a credible third party, like a consolidated home country supervisor, can meaningfully oversee them,” Hsu said...
White Supremacy Should Be Denounced By Oversight Committee Republicans—Including Boebert, Marjorie Taylor Greene—Democrats Urge
Topline Rep. Jamie Raskin (D-Md.), the ranking member on the House Oversight Committee, called on committee chair Rep. James Comer (R-Ky.) and other Republican members to publicly denounce white supre...
Ripple vs SEC: Empower Oversight Supports to Unseal Hinman Docs
Recently, Empower Oversight showed its support for the Motion to unseal Hinman Documents. The Motion to intervene in the Ripple vs SEC lawsuit is proposed by Forbes journalist Dr. Roslyn Layton. The r...
Empower Oversight Says Public Deserves Answers From SEC About Hinman’s Speech
Empower Oversight Supports Forbes Contributor’s Motion to Unseal Hinman’s Documents. Prominent nonprofit corruption watchdog, Empower Oversight, has supported Forbes’ Roslyn Layton’s motion to unseal ...
Ex-Twitter Executives Testify Before House Oversight Committee On Decision To Censor Hunter Biden Story—Here’s What To Know
Topline Former Twitter executives are testifying before the House Oversight Committee on Wednesday in what is expected to be one of the most contentious GOP-led hearings of the new Congress, as its ri...
SEC to tighten oversight over crypto investment advisors
The US financial watchdog has issued a notice entailing tighter scrutiny of crypto brokers and financial advisers giving crypto investment services this year. The United States Securities and Exchange...
Fed policy to align bank oversight could limit crypto activities by state banks
The United States Federal Reserve Board announced on Jan. 27 that it was issuing a policy statement regardin limitations on banks. The policy seeks to create a level playing field and limit regulatory...
Bitcoin is Still Subject to Fed Oversight as There is ‘Considerable Danger’ in 2023
Bitcoin climbed beyond $23,000 for the third time in four days before tumbling back as investors kept an optimistic eye on the macroeconomic situation. The recent narrative of declining inflation, gra...
LBank CMO Echoes Davos Sentiment That DAOs Are the Future But Require Greater Oversight
Internet City, Dubai, 23rd January, 2023, Chainwire Kaia Wong, CMO of global crypto exchange LBank, has commented on remarks made by global leaders at Davos 2023 concerning the use of DAOs. At the Wor...
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight – Regulation Bitcoin News
Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion...
House Oversight Chair Demands Visitor Logs From Biden’s Home As GOP Vows To Investigate Classified Documents
Topline House Oversight Committee Chair James Comer (R-Ky.) demanded the White House release visitor logs from President Joe Biden’s Wilmington, Delaware, home following revelations that classified do...
George Santos Will Be Booted From House If He Broke Campaign Finance Laws, GOP Oversight Chair Says
Topline Rep. George Santos (R-N.Y.)—who has refused to resign despite admitting to fabricating significant parts of his resume—will be ousted from Congress if he is found to be in violation of campaig...
US House Republicans to Create Crypto Subcommittee for Oversight and Legislation
Representative French Hill (R-Ark), who led Republicans in the effort to test the successful ability of a CBDC, will head the new subcommittee of crypto assets, financial technology, and inclusion. Th...
Republicans want more oversight of crypto market
The crypto market is set to come under increased scrutiny from the U.S. House of Representatives, with the formation of a new subcommittee. A new subcommittee According to a report by Politico, North...
China Reportedly Launching NFT Marketplace Under Government Oversight
2 hours ago | 2 mins read NFT News In China, NFTs are called digital collectibles instead of NFTs. Opinions on the metaverse and NFTs were divided throughout the nation. For the better part of two ye...
Crypto Has Grown Outside of Regulatory Oversight but Has No Intrinsic Value, Says Bank of England Deputy Governor
The Deputy Governor of the Bank of England, Sir Jon Cunliffe, says that the collapse of the FTX exchange has exposed the vulnerabilities of crypto assets. In a Sky News interview, Sir Cunliffe says th...
All about Basel Committee’s oversight body and its latest on crypto regulations
The Basel Committee has called for bank regulation on crypto FTX’s downfall has raised concerns for crypto regulation globally The Group of Governors and Heads of Supervision overseeing the Basel Comm...
Financial Security Oversight Committee (FSOC) Calls On Congress To Regulate Spot Crypto Trading
Join Our Telegram channel to stay up to date on breaking news coverage After witnessing repeated mishaps in the cryptocurrency market, the US financial regulators have once again started to urge congr...
US Financial Stability Oversight Council urges congressional action on crypto
Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended U.S. lawmakers pass legislation aimed at addressing regulatory gaps for crypto-related activities. In ...
House Oversight Committee Puts Political Agenda Above Energy Security
FILE – House Oversight and Reform Subcommittee on Environment Chair Ro Khanna (D-Calif.) led last … [+] week’s hearing on the oil industry and climate change. (AP Photo/Jacquelyn Mar...
Crypto’s ‘Easy Money’ Scams Need Tougher Oversight – ECB Board Member
In a speech this week, European Central Bank board member Fabio Panetta called for broader taxation on crypto assets, which he likened to a Ponzi scheme. “The EU should introduce a tax levied on cros...
Gary Gensler’s Oversight of Crypto Industry Called into Question
Gary Gensler, chair of the United States Securities and Exchange Commission (SEC), has been criticized by Congressman Tom Emmer for his approach to regulating the crypto industry. Minnesota Congressma...
Shinhan Financial’s U.S. Unit Ordered to Beef Up Money Laundering Oversight
A U.S. unit of South Korea’s Shinhan Financial Group has agreed to bolster the oversight of its anti-money-laundering program as part of a settlement with the Federal Deposit Insurance Corp. Shinhan B...
SEC chair’s crypto oversight strategy in question as ecosystems collapse
While regulations are often aimed at protecting citizens from bad actors, the effectiveness of crypto regulations in the United States is in question owing to the colossal fall of major exchanges and ...
Stablecoin Oversight Could Control Volatility Spillover in Traditional Financial Markets: Report
According to new research conducted by the Hong Kong Monetary Authority (HKMA), the cryptocurrency industry is deeply intertwined with the traditional financial system, particularly stablecoins, pegge...
Janet Yellen: FTX Meltdown Shows Need for ‘More Effective Oversight’ of Crypto
Secretary Treasury Janet Yellen added her voice to the growing chorus of Washington leaders demanding action in the wake of crypto exchange FTX’s collapse last week, saying on Wednesday that the meltd...