Safeguards Financial News

Hong Kong’s financial regulators The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have released new guidelines on how intermediaries are to conduct virtual asset-related activities in light of new market developments.

Hong Kong’s financial regulators The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have released new guidelines on how intermediaries are to conduct virtual asset-related activities in light of new market developments.

Association of Asset Reconstruction Companies (ARCs) has sought the finance ministry's intervention to issue advisory to state governments to direct authorities to build in adequate safeguards in initiating criminal cases against lenders and its officials while pursuing their duty as per prescribed recovery norms. The letter follows an increasing number of criminal cases against lenders, which are aimed to intimidate and stall recovery efforts.

President Joe Biden is praising new commitments by Amazon, Google, Meta, Microsoft and other companies that are leading the development of artificial intelligence technology to meet a set of AI safeguards brokered by his White House as an important ste...

PDP chief Mehbooba Mufti on Wednesday expressed hope that the Supreme Court would safeguard the Constitution and the law of the country while deciding on the Article 370 petitions. The former J-K chief minister, however, raised apprehensions over the listing of the hearing dates for the case immediately after Chief Justice of India (CJI) Justice D Y Chandrachud and Supreme Court judges visited Kashmir for the '19th All India Legal Services Authorities' meeting last month.

Manipur through broadband connections, either through Internet Leased Line (ILL) or FTTH by ensuring "static IP, banning of Wifi/Hotspots from any of the routers or system, blocking of social media websites and VPNs at the local level, removal of VPN software from the system and prohibiting the installation of new software by any user and enforcing physical monitoring by the concerned authority/officials." Manipur government had asked higher authorities to consider "lifting the ban on ILL with a capping of maximum speed @10 MBPS and subject to undertaking obtained from intended/existing subscribers for not indulging in illegal spreading and posting of rumors...which may aggravate the ongoing law and order crisis." "In the event of any violation, he or she shall be liable to be punished as per provisions of relevant laws..and the subscriber shall be fixed personally responsible for any leakage/activities done by the secondary user of internet through Wifi or hotspot," the government said. The reconsideration of the ban on the internet comes as a mob of 150 to 200 people set two vehicles on fire near the Kangla Fort in the capital city of Imphal.

PVM) stated that Assam chief minister Himanta Biswa Sarma asserting delimitation will protect indigenous people and that the Assam Accord, National Register of Citizens (NRC) and Clause 6 safeguards have failed is not only false, but also mischievous.Upamanyu Hazarika, Convenor PVM stated that the delimitation process and the draft delimitation of constituencies has been touted by the Chief Minister Sarma as a measure to safeguard the identity of the indigenous people of Assam as the Assam Accord and consequently NRC and Clause 6 of the Accord providing safeguards to the local population from becoming a minority under Bangladeshi influx has proven to be a failure. According to the Chief Minister, delimitation is the only measure to safeguard the identity of the local population from becoming a minority.

The US Securities and Exchange Commission (SEC) has reportedly launched a string of inquiries into the activities of numerous crypto exchanges, striving to determine whether the businesses have adequate safeguards in place to prevent insider trading.

Global regulators plan to complete work by the end of the year on how much capital banks should hold to cover crypto assets on their books.

In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for the stablecoin industry. 

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The Internal Revenue Service’s watchdog is examining how the agency guards against favoring large businesses and global companies in compliance matters as part of a broad audit.

The United Nations Children's Fund has called for incorporating child safeguards into online child protection initiatives, citing financial and exploitative threats posed by unregulated crypto markets.