News Regulators Reviews 

Policy Daily Review February 18, 2019

Policy Daily Review for February 18, 2019 Two words in Facebook’s latest regulatory filing shows how worried the company is about what it’s doing to people For the first time ever, Facebook has acknowledged that concerns about users well-being could hurt its business.   Trump signs spending bill, averting partial government shutdown President Donald Trump on Friday signed a spending bill for government agencies that will avert a partial shutdown just after midnight. The bill also   European bank stocks rally as ECB considers restarting stimulus mechanism Correction: Due to…

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News Regulators Reviews 

Policy Daily Review February 15, 2019

Policy Daily Review for February 15, 2019 EUR/GBP: Downside capped as UK government losing motion, hard Brexit still on the cards EUR/GBP was better bid after the pound dropped around 1.5c vs the buck yesterday, for no apparent reason as the dollar marched on within its uptrend,   UK: Lawmakers reject government motion seeking to reaffirm support for PM May British lawmakers have rejected PM May’s main Brexit motion that seeks to reaffirm support for May’s plan to seek changes to her Brexit deal, 303 vs 2   UK PM…

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Crypto News 

JPMorgan just launched its own cryptocurrency: What you need to know

“U.S. banking giant JPMorgan Chase & Co. on Thursday announced the launch its own digital currency, dubbed the JPM Coin, to service institutional clients in the settlement of funds” writes Aaron Hankin for marketwatch.com. That said, the cost-savings and efficiency benefits would extend to the end customers of our institutional clients,” the bank said in a news release.JPMorgan said as the coin gets closer to production, dialogue with regulators will begin. “JPM Coin is currently a prototype.According to the bank, the coin is still in the prototype phase but will…

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News Regulators Reviews 

Policy Daily Review February 14, 2019

Policy Daily Review for February 14, 2019 Understanding the 199A Deduction After The New IRS Final Regulations A new deduction for small business owners can save thousands on taxes each year, but qualifying to the deduction can be complex. New IRS guidelines help explain some of the complexity, but the details of making the deduction work still require some careful planning and expertise.   What To Expect From CME Group’s Q4 CME Group had a fairly strong first three quarters of 2018, as the exchange managed to grow its revenue…

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News Regulators Reviews 

Policy Daily Review February 13, 2019

Policy Daily Review for February 13, 2019 Crude Oil Surges on OPEC Jawboning, US May Avoid Another Government Shutdown – US Market Open Crude Oil Surges on OPEC Jawboning, US May Avoid Another Government Shutdown – US Market Open   EUR/JPY: Fragile on 125 handle on dovish ECB outlook EUR/JPY has been sent up to a key resistance level through 125 the figure as EUR/USD bears get squeezed below the 1.13 handle as price moves to test t   Dow climbs by about 200 points at the open as worry…

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News 

Powell wants to keep geography as a focus of antidiscrimination rules for banks

“As more banking and lending moves online, banking regulators weighed an update to the law to accommodate the decrease in banking at physical locations” reports washingtonexaminer.com. We’re not looking to go in the wrong direction.” “As part of this reform process we’ll be looking to achieve better [availability of credit] under the law rather than weaker,” Powell added.Congress enacted the landmark anti-discrimination law in the 1970s to combat ‘redlining’, a practice in which banks avoided lending to individuals from impoverished communities, especially minority borrowers.A bank that receives a poor score…

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News Regulators Reviews 

Policy Daily Review February 12, 2019

Policy Daily Review for February 12, 2019 Brazil’s New Government Is Promising Wall Street The Moon Economic Minister Paulo Guedes is making promises he probably cannot keep.   Fed’s Bowman: ‘Comfortable’ with current monetary policy stance Federal Reserve Board Governor Michelle Bowman in her first public speech on Monday said that she was comfortable with the current monetary policy sta   EUR/USD in Focus as EU Finance Ministers Discuss Trade, Budget The Euro may be looking out for key comments or policy developments from the Economic and Financial Affairs Council…

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News 

A fight is heating up over T-Mobile’s $26 billion deal with Sprint as the companies try to convince lawmakers the tie-up will be good for consumers

“The coalition opposed to the deal also met with staffers for all five FCC members this past week, according to agency filings” writes David Mccabe for businessinsider.com. T-Mobile CEO John Legere and Sprint executive chairman Marcelo Claure will be pitching their companies’ $26 billion merger before Congress this week, hoping to ease lawmaker’s concerns about wireless competition while pushing the tie-up as a key part of the nation’s 5G quest.Why it matters: It’s a key test for a deal that would reduce the number of major national wireless carriers from…

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News Regulators Reviews 

Policy Daily Review February 11, 2019

Policy Daily Review for February 11, 2019 In Venezuela, Life After Socialism Will Require IMF Life Support What happens in Venezuela when a new government eventually takes over?   Weekly Fundamental Forecast:Trade Wars, GDP, Monetary Policy Active Threats Ahead While there were a number of top fundamental events on the docket this past week, the systemic themes were notably less active in the headlines.   Speculation of additional liquidity from the ECB this year is widespread – Rabobank “The release of weaker than expected German economic data has become a…

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