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  • Readout: First Meeting Of The Financial Working Group Between The United States And The People’s Republic Of China

    Date 25/10/2023

    Following the first meeting of the Economic Working Group on Monday, the United States and the People’s Republic of China today held the first meeting of the Financial Working Group (FWG), which serves as an ongoing channel for both countries to discuss financial policy matters and cooperation on common challenges. The two-hour virtual meeting included a substantive and wide-ranging discussion on domestic and global financial stability, financial supervision and regulation, sustainable finance, and anti-money laundering and countering the financing of terrorism (AML/CFT). U.S. officials also frankly raised areas of disagreement. The meeting was led by senior officials from the U.S. Department of the Treasury and the People’s Bank of China, with participation by other regulatory agencies.

  • CFTC And State Regulators Enter Consent Order With California Precious Metals Dealer In $68 Million Fraud Targeting The Elderly

    Date 25/10/2023

    The Commodity Futures Trading Commission and 30 state securities regulatory agencies that are members of the North American Securities Administrators Association (NASAA) today announced entry of a consent order in the U.S. District Court for the Central District of California against Safeguard Metals LLC and Jeffrey Ikahn (formerly Jeffrey Santulan a/k/a Jeffrey Hill) finding them liable for operating a nationwide $68 million fraudulent scheme, involving the sale of fraudulently overpriced silver coins that targeted elderly and retirement-aged people.    

  • BIS: Artificial Intelligence, Services Globalisation And Income Inequality

    Date 25/10/2023

    Artificial intelligence (AI) is increasingly embedded into modern economies. This prompts fundamental questions about its implications for income distribution. This study seeks to explore how AI-related investment is associated with changes in income and income shares for various segments of the population. As AI continues to expand its capabilities, outperforming human capabilities in an array of tasks, the implications of this technological evolution for income inequality become even more important. The primary focus is on how AI-induced structural shifts in production and the labour market relate to income disparities.

  • Taming The Beast: Exegy Announces FIX Processing With FPGA - Introducing A Purpose-Built Solution To Handle The Complexity Of FIX While Dramatically Improving Performance

    Date 25/10/2023

    Exegy, a leading developer of high-performance trading solutions for the financial industry, is today announcing that FIX protocol support is now available on nxFramework, an FPGA-based development framework designed to reduce server resource consumption by as much as 10-20 times. This industry-first solution is purpose-built to reduce costs and accelerate time-to-production when developing ultra-low latency trading systems.

  • BaFin: Violation Of Prospectus Requirement: Green Technologies Group Ltd. Is Not Allowed To Publicly Offer Its Shares

    Date 25/10/2023

    On 18 October 2023, the Financial Supervisory Authority (BaFin) prohibited Green Technologies Group Ltd. from publicly offering its shares in Germany.