The Bank of Japan (BOJ), Japan’s central bank, has joined in with other regulators and officials around the world in its worry over Facebook’s proposed cryptocurrency Libra, according to reports. The bank is worried that the currency will be difficult to regulate and that it...
The heads of some of the nation’s biggest banks will stress how much more secure the financial system is thanks to regulations following the Great Recession of 2008 and 2009 during congressional testimony this week. According to a report in The Wall Street Journal, the CEOs...
U.S. banks had something to cheer about in 2018: Not one bank went under, putting a spotlight on the strength of the banking market. According to a report in CNBC, citing Calculated Risk, last year was the first time since 2006 that not one U.S....
BlackRock Global Chief Investment Strategist Richard Turnill argued Tuesday (July 11) that loose monetary policy has resulted in a huge run up in cryptocurrency, such as bitcoin, but it doesn’t pose a risk to the financial system. According to a report in Reuters, Turnill said...
October 03, 2022
The U.S. Department of the Treasury’s Financial Stability Oversight Council has reported that crypto-asset activities “could pose risks” to the U.S. financial system’s stability, a press release said. Treasury Secretary Janet Yellen said the Digital Asset Financial Stability Risks and Regulation report “emphasizes the importance of appropriate regulation, including enforcement of existing laws. It is […]
July 05, 2019
The Bank of Japan (BOJ), Japan’s central bank, has joined in with other regulators and officials around the world in its worry over Facebook’s proposed cryptocurrency Libra, according to reports. ...
April 09, 2019
The heads of some of the nation’s biggest banks will stress how much more secure the financial system is thanks to regulations following the Great Recession of 2008 and 2009...
January 10, 2019
U.S. banks had something to cheer about in 2018: Not one bank went under, putting a spotlight on the strength of the banking market. According to a report in CNBC,...
