Sentences with phrase «as financial regulators»

The future of the ICO industry has felt increasingly uncertain in recent months, as the financial regulators of numerous national governments have issued cautionary statements pertaining to initial coin offerings, including China's all - out ban on tokenized crowdsales.

As a financial regulator during the time, I worked with members of the House and Senate on some of the Dodd - Frank provisions and helped craft (and vote for) over 60 regulations.

MAS regulates the activities that surround virtual currencies if those activities fall within our scope as a financial regulator.

Not exact matches

Regulators such as the Financial Services Commission of Ontario have also strongly expressed the opinion that telematics devices should be used primarily for the benefit of the consumer, and to help individuals become better drivers (as evidenced by a presentation given by the FSCO at a UBI Symposium this past February).

For SAP, the loss and LAE ratio is the ratio of incurred losses and loss adjustment expenses less certain administrative services fee income to net earned premiums as defined in the statutory financial statements required by insurance regulators.

The banks» mortgage portfolios this quarter saw little impact from the federal financial regulator's new underwriting rules for uninsured mortgages, as of Jan. 1.

The allegations come from workers at the bank regulator known as the Financial Crimes Enforcement Network (FinCEN), which maintains a database of suspicious transactions in the U.S..

Another recommendation is continuing the push for a common securities regulator, which would increase access to capital by increasing global confidence through more efficient regulation and stronger enforcement, enhancing Toronto's position as a major global financial centre.

It's this seemingly contradictory quality that Raj Date, a Circle investor and erstwhile architect of the Consumer Financial Protection Bureau, dubs «paradoxical conservatism» — as demonstrated by Circle's tightness with regulators.

Financial regulators approved a Dodd - Frank requirement known as the Volcker rule that limits banks» ability to engage in proprietary trading.

To take that comparison a step further, is there really any difference between the way VW packaged and marketed its pollution - spewing cars to regulators and customers as «clean,» and the way financial dark wizards took lowly subprime mortgages and prettied them up for sale as Triple - A high quality securities to gullible investors?

As to Ms. Pierce, she'll join the ranks of self - loathing regulators who will speechify about some Ayn Rand fantasyland of benign barons,» Bart Naylor, financial policy advocate for Public Citizen, wrote me in an email.

Wednesday's rule applies to banks and to large financial firms who are designated as «systemic» by the Financial Stability Oversight Council, a federal government panel of regulators that polices for emerging marketfinancial firms who are designated as «systemic» by the Financial Stability Oversight Council, a federal government panel of regulators that polices for emerging marketFinancial Stability Oversight Council, a federal government panel of regulators that polices for emerging market threats.

Regulators need to get financial institutions to identify their own internal management risks, how their compensation programs will ameliorate, rather than amplify, those risks, and why those remedies (as opposed to alternatives) are the best approach.

Democrats said those longstanding financial relationships represented a conflict of interest for Dourson and Wehrum as they become the regulators of their former corporate clients.

One is that some of the post-crisis efforts to overhaul the financial system, such as Congress» massive Dodd - Frank bill of 2010, and the Basel III rules, crafted by global banking regulators, are finally starting to be implemented.

Because of its problems with regulators, Zenefits says that Parker has agreed to step down and let Sacks, who has experience navigating complex financial regulations as PayPal's former COO, to take over as Zenefits» CEO.

But that has prompted regulators in the country to crack down on the cryptocurrency sector, in a bid to stamp out potential financial risks as consumers pile into a highly risky and speculative market that has seen unprecedented growth this year.

When financial panics do come, regulators should be as consistent as possible in their responses to troubled financial institutions, ensuring that creditors know where their investments stand and thus don't run to dump them when good times give way to bad.

Financial regulators on both sides of the Atlantic imposed multibillion - dollar fines on five global banks Wednesday as part of investigations into rigging of key foreign exchange markets.

Henrico County - based Genworth Financial Inc. said Tuesday it will take steps to address its upcoming debt maturity of about $ 600 million as it again seeks approval from government regulators to be acquired by a China - based company.

While the pace of change is exciting for innovators and market makers, it causes enormous friction for traditional institutions who control financial services today, as well as for regulators who are grappling with rules that were not meant to govern financial transactions using the latest technologies.

In Japan, Bitcoin has been recognized as legal tender, and financial regulators have officially recognized multiple cryptocurrency exchange operators.

It is also possible that, mindful of such adverse consequences, regulators may refrain from going as far as would be needed to preserve financial stability.

The regulator called the financial product «an extremely high - risk, speculative investment,» citing concerns about price volatility, leverage, charges, and funding costs as well as price transparency.

As France's stock market regulator, the AMF manages financial instruments and is responsible for safeguarding investors.

Henrico County - based Genworth Financial Inc. said Tuesday it will take steps to address its upcoming debt maturity of about $ 600 million as it again seeks approval from government regulators to be acquired by a China - based company.

11.17.2010 — IPT News Release: Tackling Investment Swindles Of Seniors As A Medical Problem - 24 Securities Regulators Across U.S. To Train Doctors To Spot & Report Elderly Financial Victimization

The «Elder Investment Fraud and Financial Exploitation Prevention Program» (EIFFE Prevention Program) educates healthcare and legal professionals to recognize when their older patients and clients may be vulnerable to or victims of financial abuse, particularly those patients with mild cognitive impairment, and then to refer these at - risk patients to State Securities Regulators, local adult protective services professionals or for further screening and assistance aFinancial Exploitation Prevention Program» (EIFFE Prevention Program) educates healthcare and legal professionals to recognize when their older patients and clients may be vulnerable to or victims of financial abuse, particularly those patients with mild cognitive impairment, and then to refer these at - risk patients to State Securities Regulators, local adult protective services professionals or for further screening and assistance afinancial abuse, particularly those patients with mild cognitive impairment, and then to refer these at - risk patients to State Securities Regulators, local adult protective services professionals or for further screening and assistance as needed.

Soon afterward, South Korea's financial regulator made it difficult to trade cryptocurrencies anonymously, and trading volumes in digital money such as bitcoin BTC = BTSP promptly collapsed in what had been their busiest market.

In Edinburgh on Friday, Bank of England Governor Mark Carney launched a withering attack on cryptocurrencies such as bitcoin and urged regulators around the world to monitor them in the same way as other financial assets.

FSA Suggests Altcoin Squeeze As Forbes reports citing a meeting of the group, which consists of industry experts organized by Japan's regulator the Financial Services Authority (FSA), the anonymity options such altcoins present could be grounds to banish them from the country's burgeoning exchange sector.

Wednesday's rule applies to banks and to large financial firms who are designated as «systemic» by the Financial Stability Oversight Council (FSOC), a federal government panel of regulators that polices for emerging marketfinancial firms who are designated as «systemic» by the Financial Stability Oversight Council (FSOC), a federal government panel of regulators that polices for emerging marketFinancial Stability Oversight Council (FSOC), a federal government panel of regulators that polices for emerging market threats.

The day before the announcement, it was revealed that the Capital Market Authority, the Saudi financial regulator, had warned the public against buying into ICOs, citing the possibility that people could lose their investments as a result of fraud, among other potential problems.

Swiss financial regulator FINMA shut down E-Coin, which it describes as a «fake cryptocurrency,» and suggested that further enforcement action against other players in the field could follow.

It does this by managing and providing liquidity to financial institutions, monitoring risks and cooperating with other organisations as part of the Council of Financial Refinancial institutions, monitoring risks and cooperating with other organisations as part of the Council of Financial ReFinancial Regulators.

In early deliberations over the financial regulatory plan known as Dodd - Frank, Summers captured the president's imagination with a colorful analogy that emphasized the need for a new agency to protect consumer interests, saying banking regulators could not be trusted to do the job, according to participants in the meeting.

As Bank of England Governor, Carney has called on regulators to put an end to crypto «anarchy,» arguing that digital assets should be governed by existing financial rules.

Jurisdictions where regulators have accepted cryptocurrency either as a financial asset or as an alternative currency and have enacted specific legislation that permits the public to utilize cryptocurrency.

WASHINGTON / NEW YORK (Reuters)- New York's financial regulator on Tuesday revealed new details on how the state plans to govern virtual currencies such as bitcoin, just as problems in the nascent market took a turn for the worse.

According to the proposal, the OCC would coordinate with other applicable regulators, such as the Federal Reserve, Federal Deposit Insurance Corporation, and Consumer Financial Protection Bureau, depending upon the nature of the FinTech company.

Mark Branson, chief executive of the Swiss financial regulator FINMA, said on April 7 that it is dealing with a number of money laundering cases that look like «blatant and massive corruption», citing controversies around Brazil's Petrobras and 1MDB as two prominent examples.

Under the European Union's Markets in Financial Instruments Directive II (MiFID II), the FCA does not consider cryptocurrencies to be commodities or currencies for regulatory purposes, but the regulator believes that cryptocurrency derivatives may qualify as financial insFinancial Instruments Directive II (MiFID II), the FCA does not consider cryptocurrencies to be commodities or currencies for regulatory purposes, but the regulator believes that cryptocurrency derivatives may qualify as financial insfinancial instruments.

These changes often have been driven as much by Chinese bankers» need to please a varied group of regulators — whose own institutional biases are exacerbated by the competition, and even hostility, that exists among them — as by economic and financial factors.2

Bank of England Governor Mark Carney on Friday launched a withering attack on cryptocurrencies such as bitcoin and urged regulators around the world to monitor them in the same way as other financial assets.

The aim of the study is to develop key insights for financial institutions and regulators in order to better understand the extent of its impact as they move forward in utilizing blockchain.

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevaFinancial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevafinancial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

Japan's financial regulator recently published a document indicating that it has «warned» Binance for operating in Japan despite «not register [ing]» as a virtual currency exchange business with relevant authorities.

France is often recognized as being one of the strictest financial regulators in Europe especially when it comes to trading using leverages, currencies and binary options.

The Financial Services Authority, Indonesia's financial services regulator known as the OJK, is preparing a regulation that would allow local financial technology companies to lend money directly to customers to provide more financing choices for the public, its senior officials said on TuesdayFinancial Services Authority, Indonesia's financial services regulator known as the OJK, is preparing a regulation that would allow local financial technology companies to lend money directly to customers to provide more financing choices for the public, its senior officials said on Tuesdayfinancial services regulator known as the OJK, is preparing a regulation that would allow local financial technology companies to lend money directly to customers to provide more financing choices for the public, its senior officials said on Tuesdayfinancial technology companies to lend money directly to customers to provide more financing choices for the public, its senior officials said on Tuesday (14/02).