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Bank of England Sets Out Rules for Libra Launch in the UK

The central bank has finalized principles the Facebook-led cryptocurrency project must adopt before a U.K. launch......»»

Category: forexSource: coindeskOct 9th, 2019

BoE"s Carney urges flexibility as the UK leaves EU trading rules behind

Outgoing Bank of England Governor Mark Carney told Reuters "i.....»»

Category: videoSource: reutersFeb 14th, 2020

Mnuchin ‘Fine’ With Libra Launch, But Crypto Project Must ‘Fully’ Comply With AML Rules

Steven Mnuchin, secretary of the U.S. Treasury, has no issue with the launch of the Facebook-led Libra project – as long as financial rules are followed to the letter......»»

Category: forexSource: coindeskDec 7th, 2019

San Francisco sets timeline for launching public bank — the first in California

San Francisco officials are working to launch the city's own public bank, which would be the first in California and the second in the country after North Dakota. Legislation introduced Tuesday by Supervisor Sandra Fewer will create a task force t.....»»

Category: topSource: bizjournalsNov 13th, 2019

EU finance commissioner pledges to regulate digital currencies

The European Union's finance commissioner pledged on Tuesday, if he is reappointed, to propose new rules to regulate virtual currencies such as Libra, the currency Facebook plans to launch......»»

Category: topSource: reutersOct 8th, 2019

ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years

Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies, and soon......»»

Category: forexSource: coindeskSep 27th, 2019

‘No Argument’ for Replacing Dollar’s Global Role With Crypto: Ex-Fed Official

The ex-official pushed back at a suggestion from the chief of the Bank of England that a Libra-like crypto should replace USD in global markets......»»

Category: forexSource: coindeskSep 26th, 2019

Central banks will want oversight of Facebook"s Libra: Bank of England"s Carney

Major central banks and regulators will want oversight of Facebook's proposed new currency and payment system, Libra, to ensure it is safe and does not allow money laundering or finance terrorism, Bank of England Governor Mark Carney said......»»

Category: topSource: reutersJun 21st, 2019

Bank of England Governor Says Facebook’s Libra Crypto Will Be Scrutinized

Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney......»»

Category: forexSource: coindeskJun 19th, 2019

Facebook’s Libra Could Meet ‘Highest Standards’ in Regulation: BoE Governor

Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney......»»

Category: forexSource: coindeskJun 19th, 2019

BoE"s Carney says keeping open mind on Facebook"s Libra

Bank of England governor Mark Carney has said he is keeping an 'open mind' on the potential utility of Facebook's planned cryptocurrency, but warned it may face strict regulation if it takes off......»»

Category: topSource: reutersJun 18th, 2019

ICE exchange to launch three-month Sonia futures contract in June

LONDON (Reuters) - The Intercontinental Exchange said on Wednesday it will launch a three-month futures contract based on "Sonia", the Bank of England's interest rate benchmark which aims to replace Libor......»»

Category: topSource: reutersApr 18th, 2018

JPMorgan Applies to Launch Brokerage in China

JPMorgan Chase is seeking approval from a Chinese regulator to launch a joint-venture brokerage in the country, becoming the latest bank to explore the opportunity after Chinese authorities loosened rules on foreign firms controlling such ventures......»»

Category: asiaSource: wsjMay 11th, 2018

Pennsylvania bank expanding mortgage business into Alabama market

A Philadelphia, Pennsylvania-based bank is expanding its presence in the South with mortgage services in Alabama and two other states. Hyperion Bank is growing its mortgage program with the launch of Hyperion Mortgage LLC, which will focus initially.....»»

Category: topSource: bizjournalsMay 29th, 2020

Home trading triggers bank "black hole" surveillance alerts

Potential breaches of market rules have spiked since traders began working from home in March, drawing scrutiny from regulators and piling pressure on banks to plug "black holes" in surveillance systems, industry officials say......»»

Category: topSource: reutersMay 28th, 2020

First Hawaiian Bank, HCF launch $2M scholarship fund for Hawaii high school seniors

First Hawaiian Bank and local nonprofit Hawaii Community Foundation have launched a new, $2 million scholarship fund for Hawaii high school seniors who graduated in 2020 amid the Covid-19 pandemic. The new Stronger Together Hawaii Scholarship Fund i.....»»

Category: topSource: bizjournalsMay 26th, 2020

Facebook’s Calibra Rebrands to Novi, Details Wallet Tie-Up With WhatsApp

In the run-up to launch, libra's digital wallet subsidiary has been given a new look and a new name: Novi, which means "new way.".....»»

Category: forexSource: coindeskMay 26th, 2020

PPP loan forgiveness: How one community bank is preparing to handle it

John Buhrmaster said banks will be looking at the forgiveness applications based on the rules they have in hand, and that any choices businesses make beyond the recommendations need to be discussed with accountants and attorneys......»»

Category: topSource: bizjournalsMay 26th, 2020

Global stocks dive after China sets up a fresh showdown with Trump and shocks investors by announcing a new Hong Kong security law

AP Photo/Wally Santana Global stocks dropped Friday after China imposed new rules that seek to extend its powers over Hong Kong and allow it to crack down on dissent.....»»

Category: topSource: businessinsiderMay 22nd, 2020

No middle-seat ban: EU sets out air travel rules

The EU has set out its proposals for future air travel. Passengers will need masks, but Brussels says there's no need to ban the use of middle seats. Julian Satterthwaite reports......»»

Category: videoSource: reutersMay 13th, 2020

Fed"s Quarles defends decision to let banks maintain dividends

A senior Federal Reserve official on Tuesday defended before Congress the central bank's decision to allow lenders to continue issuing dividends, even as the regulator seeks permission from lawmakers to further relax capital rules......»»

Category: topSource: reutersMay 12th, 2020