Sentences with phrase «by financial regulators of»

Since the month beginning, the price of Ethereum has dropped by forty percent which is a direct cause of negative publicity and anti-cryptocurrency drive heralded by financial regulators of countries across the globe.

The deliberation by financial regulators of this new crowdfunding method has interwoven the debate over utility tokens versus security tokens.

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.

Commonwealth Bank of Australia chief executive Ian Narev has admitted the bank «made mistakes» in failing to report money laundering but defended his leadership, saying he is «motivated» to help restore trust and that problems identified by Australia's financial transactions regulator don't reflect cultural shortcomings under his watch.

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.

The JPMorgan CEO said that his bank was «under assault,» and questioned whether the increased scrutiny by regulators of banks since the financial crisis has gone too far.

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.

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.

China's financial system is plagued by unlicensed financial activity and illegal fundraising, thanks to a system of corrupt regulators colluding with wrongdoers, said Xu Jia'ai, the newly appointed head of discipline at China's central bank, this week.

Federal Finance Minister Joe Oliver has set up a timetable to have a new national regulator of financial markets in place by the fall of 2015.

Managed by a dedicated team of TV analysts in Europe, the US and Asia, it addresses the needs of major studios, producers and distributors; broadcasters; channel providers and packagers; platform operators; technology providers; regulators; investors and financial institutions.

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.

The Initiative is informed by regular meetings of experts in the sector, policymakers and supporters engaged in the financial services sector, including financial intermediaries, securities market participants and their regulators, among others.

These included updates on compensation - related regulations and guidance issued by the Board of Governors of the U.S. Federal Reserve System (Federal Reserve Board) and other U.S. federal banking regulators, the Financial Stability Board, the United Kingdom Financial Services Authority and other regulators around the world.

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.

Now COPE 378 is calling for provincial regulators to help BC Hydro out of its financial morass by raising the rate the power company will be allowed to charge British Columbians.

A move by British regulators to ban financial advisers from accepting commissions for selling mutual funds and other products after 2012 is likely to cause lot of soul searching elsewhere, including in Canada.

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.

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.

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.

Our Business Continuity Plan addresses all areas affected by a business disruption of any type, including data backup and recovery; financial and operational assessments; alternative communications with clients, employees and regulators; alternate physical location of employees; critical supplier, contractor and bank impact; and regulatory reporting.

The initiative stemmed from work led by the Financial Stability Board, a body that coordinates the work of international financial regulators,Financial Stability Board, a body that coordinates the work of international financial regulators,financial regulators, he said.

On March 22, 2018, the US Government Accountability Office (GAO) published a 132 - page report at the request of Congress entitled «Financial Technology: Additional Steps by Regulators Could Better Protect Consumers and Aid Regulatory Oversight.»

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

By September, the People's Bank of China, working in tandem with the financial regulator in the country, was banning initial coin offerings (ICOs) and shutting down domestic fiat - to - crypto order book trading.

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.

This license was approved by Luxembourg regulator, the Commission de Surveillance du Secteur Financier (CSSF), and the Luxembourg House of Financial Technology Foundation (LHoFT).

With demographic trends pointing to a greater focus on longevity risk and more attention being placed on the downside of short - term investment behavior by governments, regulators and even the financial media, the tide may turn in the coming years.

Let me just say that if I were starting a software company in the United States today, given the noises being made by the SEC and by other financial services regulators I would not put an exchange - tradable token at the center of the offering unless that token were a representation of a legally - recognized interest and structured on the basis that the token will be regulated by the securities laws.

Designing incentives for market makers in an era dominated by «high - frequency» electronic trading is one of the crucial challenges in today's financial markets, according to the latest report from U.S. securities regulators outlining ways to prevent a repeat of the «flash crash» of May 6, 2010.

No financial services company wants to find itself apologizing to the public and regulators for discriminatory effects caused by its own technology, much less paying damages in the context of government enforcement or private litigation.

The repeated enforcements by the regulators were meant to protect its citizens from the financial risk of cryptocurrencies and limit capital outflow.»

For example, if Bitcoin is not a currency, then Bitcoin forwards and Bitcoin swaps that involve the exchange of Bitcoin for another currency will not fall under the statutory definitions of the more lightly regulated foreign exchange forwards or foreign exchange swaps.10 Likewise, retail trading of Bitcoin derivatives will be limited to designated contract markets, rather than subject to the retail foreign exchange dealer regulations.11 Treating Bitcoin as a commodity that is not a currency dovetails with the stances taken by other U.S. regulators such as the Financial Crimes Enforcement Network (FinCEN)(virtual currency does not have all of the attributes of real currency) 12, the Securities and Exchange Commission (Bitcoin investments are investment contracts because Bitcoin is a form of money) 13 and the Internal Revenue Service (treating Bitcoin as property for tax purposes).14

News flow from Germany's financial sector was less positive, as one of the country's largest banks endured a difficult month, rocked by an unexpectedly large claim from US regulators related to past mis - selling of mortgage products.

AvaTrade is licensed by several leading financial regulators on the basis of different countries:

The ASIC is among the most successful financial markets regulators in the world because of the fact that there was no negative growth experienced as Australia wet through the Great Recession of 2009 and the Australian banking system was not affected at all by the financial turmoil at that time due to the way ASIC did a great job.

Large retailers met with politicians and regulators in Canberra yesterday - a bit of media on this: Eli Greenblat, «Retailers lay down deregulation gauntlet» (The Australian, 28 October 2014), Sue Mitchell and Matthew Knott, «Australian National Retailers Association condemns Harper review's «dangerous» competition law shake - up» (SMH, 27 October 2014) and Joanna Heath, «Retailers slam Harper change «drafted by lawyers» (The Australian Financial Review, 27 October 2014 (paper version 28 October 2014, page 9)-RRB-

In July 2015, Osborne was criticised by John Mann of the Treasury Select Committee for ending the contract of Martin Wheatley, head of the Financial Conduct Authority, and undermining the independence of the regulator.

Some are content with Willott's argument that recent changes to listing rules by the Financial Conduct Authority (FCA) regulator, combined with the imminent introduction of the EU's transparency and accountability directive, will fix the problem.

The press regulator — called Ipso — is not supported by the Guardian, the Independent or the Financial Times, raising the question of what those three outlets plan to do.

State Senators Kemp Hannon and Jim Seward sent a letter, Thursday, to the state's health exchange and the Department of Financial Services «with grave concern» over how the state is handling the closing of Health Republic — a health co-op that was shut down by state regulators in September.

Its engineering analyses, financial calculations, and study results have been available for scrutiny by the professional staffs of government regulators and the public alike.

The governor began undermining Schneiderman upon taking office in 2011, when he birthed the Department of Financial Services by merging two hitherto sleepy state regulators and created a competitor cop on the Wall Street beat.

The correctness of this decision was debated and many believe that this decision led to Romania's financial regulator director being replaced by the Parliament.

It is a matter of concern, not just for the Building Society sector, but new entrants and other existing players that actions taken by policy makers and regulators are driving UK financial services inexorably down the path of sameness.

The move announced by the Department of Financial Services comes after regulators found some providers have charged the prevailing fee or more outside of New York, which has led to inflated claims and deplted coverage as well more lawsuits and increased premiums.

The governor named a close lieutenant, Ben Lawsky, to be an omnibus regulator, but he has won attention not for racking up scalps in the New York - based financial sector but by grabbing billions through sanctions on foreign banks, and leading the discussion about policy adjustments demanded by the rise of digital currencies like BitCoin.

When four outsiders foresee the impending collapse of the global economy long before the big banks, media and government regulators realize what's happening, they capitalize on it by shorting the booming housing market through the invention of a clever financial instrument called the credit default swap.