News 

Here’s how the SEC should decide if companies should report earnings only every 6 months

“The Securities and Exchange Commission has set a March 21 deadline for public comments on possible changes to its current financial reporting requirements for U.S. publicly traded companies” writes Richard B for marketwatch.com. Moreover, assessing the merits or flaws of such modifications surely is susceptible to benefit-cost analysis.To help answer this question, the SEC should embrace benefit-cost analysis in a serious way that sets a standard for other U.S. financial regulatory agencies.Many people in the current administration and in Congress claim that they favor benefit-cost analysis and evidence-based decision-making.For example,…

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Markets News 

Global market strategists gave us 5 reasons tech giants will keep winning — even if they’re broken up

“Samana says that if new regulations are implemented, smaller tech companies might briefly rally on the expectation they will benefit” writes Marley Jay for businessinsider.com. She added that the tech sector would eventually overcome those breakups much like the steel and telecom industries survived the splitting of US Steel and AT&T, respectively. Source: businessinsider.com

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Crypto News 

Crypto Foe to Crypto Friend? Massachusettes Forms Fintech Group

“These actions, in addition to other legal issues, earned Massachusettes a reputation for being hostile toward crypto companies” writes Rachel Mcintosh for financemagnates.com. The Massachusettes securities division also ordered the firms to send rescission letters and to refund investors within 45 days.A fintech advisory group has recently been launched by the Commonwealth of Massachusettes, the office that supervises the chief securities regulator in the state.And truly, crypto firms have much to lose if they don’t dance every step of the legal shuffle–in March of last year, Gavin himself issued consent…

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Markets News Oil 

Maritime Regulations, NOPEC, and What’s Ahead for Crude Oil Markets

“While oil prices are relatively low, there might not be much interest in moving the legislation forward, Cohen says” writes Debbie Carlson For for thestreet.com. Learn more about trader tools and resources for crude oil futures.They point to growing orders for scrubbers, and that the combination of refineries adding secondary units and the growth in U.S. shale oil has already tightened the high-sulfur fuel oil market. Source: thestreet.com

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Crypto News Regulators 

Israel Securities Authority Publishes Final Recommendations on Crypto Regulation

“The Israel Securities Authority (ISA) has published its final report on cryptocurrency regulations, local financial newspaper Globes reports Thursday, March 7” writes Ana Berman for cointelegraph.com. The ISA recommends imposing disclosure requirements for crypto offerings that qualify as securities and states that such offerings should be controlled in a similar manner to crowdfunding.A special committee formed in 2017 to develop proper regulations for cryptocurrencies has presented its report to ISA chairperson Anat Guetta.Commenting on the recommendations, Guetta said that they were designed both to develop the crypto sector and protect…

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News 

Consumer watchdog agency and its leadership under scrutiny

“In a major move under Kraninger, the agency said last month that it plans to abolish most of its critical consumer protections governing payday lenders” reports thebusinessjournal.com. Consumer advocates expect Kraninger to run the agency as Mulvaney did.(AP) — The government’s consumer watchdog agency came under new scrutiny from the House Financial Services Committee, now controlled by Democrats who say the appointees chosen by President Donald Trump to lead the organization have undermined its mission to protect Americans. Source: thebusinessjournal.com

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GBP News 

Holidaymakers given Government guarantee flights to and from EU will not be grounded in no-deal Brexit

“Both sides said last year they wanted to make sure Brexit did not disrupt air traffic and both have now agreed no-deal aviation regulations” writes Leo Mckinstry for telegraph.co.uk. The UK’s regulations mean EU airlines will be able to continue to operate in the UK and the EU’s regulations mean UK airlines will be able to operate… Source: telegraph.co.uk

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Crypto News 

Russia to Introduce Special Crypto Regulations for ‘Russian Offshores’

“In the meantime, Russian Minister of Justice Alexander Konovalov reportedly claimed that it is too early to formalize crypto-related legislation” writes Ana Alexandre for cointelegraph.com. The instructions require the legislation to include a regulatory framework for digital financial assets, as well as attract greater financial resources based on digital technologies.The new set of measures in respect to the development of “Russian offshores” will affect digital assets, major Russian news agency TASS reported on Mar. 1. Both the constitution and current financial system legislation in Russia “categorically prohibit” using cryptocurrencies as a…

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