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The Central Bank of Ireland has engaged with financial services firms to reinforce its consumer protection expectations of all regulated firms that also operate as Direct Debit originators (DDOs). This follows a review of plans submitted from the financial services firms that are amongst the top 20 DDOs in Ireland, which set out the measures they […]
The Central Bank of Ireland welcomes today’s publication of the Central Bank (Individual Accountability Framework) Bill 2022. The Central Bank will continue to work with the Department of Finance throughout subsequent stages as the legislation progresses through the Oireachtas to enactment. Once the Bill has been enacted the Central Bank intends to publicly consult on […]
BNY Mellon Inflation Peaks, But Fed Stays Hawkish Last week delivered encouraging news on the US inflation front. Data across a range of inflation and related indicators suggest pressure is easing somewhat, even if the actual level of inflation remains near multi-decade highs. Risk assets rallied impressively in response. Pricing in the forward rates market […]
Daily Market Outlook, August 15, 2022 Overnight Headlines Bitcoin Falls As 140K BTC Have Been Released To MTGox Customers Oil Prices Ease As Saudi Aramco Ready To Boost Crude Output Asia Equity Markets Mixed As China Cuts Rates, Data Disappoints Dems Send Landmark Climate, Tax And Health Care Bill To Biden US Lawmakers Arrive In […]
Mr. Wonderful thinks that crypto needs more regulation and less “crypto cowboys” like Tornado Cash creator Alexey Pertsev, who he suggested was a necessary sacrifice to create stability for institutional inflows. 954 Total views 36 Total shares Clamping down on crypto applications that “mess with the primal forces of regulation” is necessary, says Shark Tank […]
The Acala hack saw over a billion aUSD stablecoins minted from thin air, but now community members are scratching their heads wondering how a decentralized protocol would handle the clean up. 119 Total views 11 Total shares The Acala Network’s aUSD stablecoin depegged by over 99% over the weekend and forced the Acala team to […]