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October 22, 2021

regulators

U.S. regulators to unveil blueprint to tackle financial climate risks

Reuters
WASHINGTON, Oct 21 (Reuters) – A top U.S. regulatory panel is scheduled on Thursday to unveil recommendations for ensuring the financial system can withstand risks created by climate change, a development that could ultimately lead to new rules and stricter oversight for Wall Street. The report by the Financial Stability......

How Evergrande found itself on the wrong side of China’s regulators

CNBC Real Estate
High-rise apartment buildings at China Evergrande Group’s under-construction Riverside Palace development in Taicang, Jiangsu province, China, on Friday, Sept. 24, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese developer Evergrande made little progress toward complying with Beijing’s crackdown on real estate debt — until it was too......

China’s top regulators ban crypto trading and mining, sending bitcoin tumbling

Reuters
A Chinese flag is seen among representations of Bitcoin and other cryptocurrencies in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo China intensifies crypto crackdown Vows to root out “illegal” trading activity, bans mining Bitcoin, smaller coins slump SHANGHAI/LONDON, Sept 24 (Reuters) – China’s most powerful regulators on......

A life and death question for regulators: Is Tesla’s Autopilot safe?

Reuters
Sept 21 (Reuters) – Robin Geoulla had doubts about the automated driving technology equipped on his Tesla Model S when he bought the electric car in 2017. “It was a little scary to, you know, rely on it and to just, you know, sit back and let it drive,” he......

Car headlights are becoming more high-tech than ever, and regulators are having trouble keeping up

CNBC
CNBC – For more and to sign up click here Headlights are quietly undergoing a technological revolution, and regulators are trying to catch up. For much of automotive history, innovation came to headlights gradually. But over the last few decades, the pace has quickened. Now, automakers are using LED technology......

Tesla to work with global regulators on data security -Musk

Reuters
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul/Pool via Reuters/File Photo SHANGHAI, Sept 17 (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) will work with global regulators to ensure data security, Chief Executive Elon......

MassMutual fined $4M over employee’s role in GameStop frenzy

USA TODAY – For more and to sign up click here Celine Castronuovo MassMutual has been fined $4 million as part of a settlement with Massachusetts regulators, who accused the life insurance company of failing to adequately supervise an employee who promoted GameStop’s stock on social media, helping prompt a......

Ray Dalio says if bitcoin is really successful, regulators will ‘kill it’

CNBC
CNBC – For more and to sign up click here Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019. Thomas Peter | Reuters Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, believes regulators would ultimately take control of bitcoin if......

Grayscale CEO calls SEC ‘short-sighted’ after regulator’s comments on approval of a bitcoin ETF

CNBC
CNBC – For more and to sign up click here The CEO of the investment firm running the world’s biggest bitcoin fund sounded off on comments made by Securities and Exchange Commission chair Gary Gensler about the likely approval path for the first U.S. bitcoin ETF. Michael Sonnenshein, CEO of......

Binance removes Singapore products on main platform after regulator’s warning

Reuters
Binance logo and stock graph are displayed in this illustration taken, June 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo HONG KONG, Sept 6 (Reuters) – Binance, one of the world’s largest cryptocurrency exchanges, said it will restrict its services in Singapore days after the city state’s central bank said it should stop......

Apple’s strategy to fight off antitrust regulators: Fix the App Store one rule at a time

CNBC
CNBC – For more and to sign up click here Tim Cook, chief executive officer of Apple Inc., center, arrives at U.S. district court in Oakland, California, on Friday, May 21, 2021. Nina Riggio | Bloomberg | Getty Images In the past few weeks, Apple has made several changes to......

Chinese regulators raise concerns with ride-hailing firms

Reuters
BEIJING, Sept 2 (Reuters) – Chinese regulators summoned 11 ride-hailing firms including Didi Global Inc (DIDI.N), Geely’s (GEELY.UL) Caocao and Meituan’s (3690.HK) ride-hailing unit to a meeting, the transport ministry said on Thursday, to discuss points of concern in the sector. At the meeting held on Wednesday, authorities highlighted the......

Chinese regulators summon 11 ride-hailing firms, including Didi, over ‘illegal behavior’

CNBC
CNBC – For more and to sign up click here Budrul Chukrut | LightRocket | Getty Images GUANGZHOU, China — Chinese regulators have summoned and interviewed 11 ride-hailing firms asking them to rectify non-compliant behavior. The Ministry of Transport, along with a number of other regulators including the Cyberspace Administration......

Two senior FDA vaccine regulators are stepping down

CNBC
CNBC – For more and to sign up click here Two senior Food and Drug Administration officials responsible for reviewing Covid-19 vaccine applications are leaving the federal agency this fall, an agency spokesperson confirmed Tuesday. Marion Gruber, director of the FDA’s Office of Vaccines Research & Review, and deputy director......

Two top F.D.A. vaccine regulators are set to depart during a crucial period.

New York Times
Two of the Food and Drug Administration’s top vaccine regulators will leave the agency this fall, a development that could disrupt the F.D.A.’s work on deciding whether to recommend coronavirus vaccines for children under 12 and booster shots for the general population. Dr. Marion Gruber, the director of the F.D.A.’s......

U.S. regulators probe Peloton over treadmill injuries

Reuters
Aug 27 (Reuters) – Peloton Interactive Inc (PTON.O) said on Friday U.S. regulators were investigating the company, adding to the exercise bike maker’s woes as it deals with a backlash over reports of accidents involving its treadmills. The U.S. Department of Justice and the Department of Homeland Security have subpoenaed......

Nevada gaming regulators approve state’s first peer-to-peer sportsbook

USA TODAY – For more and to sign up click here Robert Davis, The Center Square The Nevada Gaming Control Board (NGCB) on Thursday approved a two-year operating license for the state’s first peer-to-peer sportsbook. ZenSports, a West Hollywood, Calif., startup company, will be allowed to operate its sportsbook at......

For bank regulators, tech giants are now too big to fail

Reuters
Britain, France, United States and EU scrutinising sector Bank cloud tech spending to surge to $85bn by 2025 – IDC Bank regulators want more oversight of cloud risks LONDON, Aug 20 (Reuters) – More than a decade on from the financial crisis, regulators are spooked once again that some companies......

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