News 

Canadian Securities Administrators approve new rules for reporting of cybersecurity incidents

“The Canadian Securities Administrators (CSA) have approved amendments to the Dealer Member Rules (DMRs) and corresponding amendments for the rules of the Investment Industry Regulatory Organization of Canada (IIROC) regarding reporting of cybersecurity issues” reports financefeeds.com. The document, however, sets forth merely a voluntary risk-based Cybersecurity Framework – a set of industry standards and best practices to help IIROC Dealer Members manage cybersecurity risks.Since IIROC first published its Cybersecurity Incident Best Practices Guide in December 2015, cyber risks have continued to evolve, the body warns.This development highlights the importance of…

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News Regulators 

Fed’s Powell: No ‘booming’ in U.S. economy that threatens to go bust

“Asked if there were any excesses that threatened to torpedo the expansion, Powell said: “Look at today’s economy” writes Midwest Communications Inc for 95kqds.com. Asked about the possibility the slump in manufacturing could spill over into the broader economy, Powell said central bank officials had seen no signs of that.”The U.S. economy is the star economy these days,” Powell told the House of Representatives Budget Committee.The U.S. economy is in its 11th year of expansion, although growth this year has slowed from 2018 when the Republican tax cuts fed an…

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News Regulators 

Fed’s Bullard: Sharper-than-expected economic slowdown is ‘key risk’

“This slower growth may feed back into slower growth in the U.S., he said” writes Senior Economics Reporter for marketwatch.com. The “key risk” facing the U.S. economy is a sharper-than-expected slowdown, despite the Fed’s recent interest-rate easing, said St.Louis Fed President James Bullard Thursday. “It remains possible that a sharper-than-expected slowdown could materialize in the quarters ahead,” Bullard said, in a speech to the Rotary Club of Louisville.Bullard said the U.S. economy has already been slowing down this year after relatively rapid growth over 2017 and 2018. Source: marketwatch.com

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GBP News 

EU executive faces risk of new delay as Britain will not name commissioner

“The move is likely to irk European Union partners as the bloc wants a new executive commission to take office on Dec. 1. and under EU rules all member states should field one commissioner” writes Midwest Communications Inc for 95kqds.com. The new snag caused by Britain’s refusal to name a commissioner could be overcome with a decision by EU states not to apply current rules, but risks of legal challenges remain. The commission is the EU executive arm and holds powers including negotiating international trade deals, policing members states’ finances…

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News 

As recession takes hold, HK banks worry about risk of easier mortgage rules

“Historically, mortgage delinquency is rare in Hong Kong, with a rate of about 0.02%” writes Midwest Communications Inc for 95kqds.com. All of the bankers, industry sources and mortgage brokers declined to be named as they were not allowed to speak to the media.HONG KONG (Reuters) – Even as Hong Kong has reduced down-payment requirements to help young professionals and families to buy homes, banks are beefing up mortgage application standards to ensure that a recession does not saddle them with bad loans, bankers and mortgage brokers said. We consider Hong…

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News 

Hedge fund firm Two Sigma just started selling a risk analysis tool, and it shows how secretive quants are now looking to make money sharing their tech

“Venn is the latest in a long line of products and services hedge funds have started pitching as they search for additional revenue streams” writes Dan Defrancesco for businessinsider.com. The immediate focus of Venn is large asset allocators, but Dwyer said some fellow hedge funds have shown interest in the product.Investors in the hedge fund wanted to take a more quantitative approach to their asset allocation process, Dwyer said.One of the world’s preeminent quantitative hedge fund firms is spinning out its data expertise into a product aimed at helping others…

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JPY News 

USD/JPY stays little changed on the day, US CPI data eyed next

“Despite markets being on the defensive and risk in a more sour mood, the yen hasn’t shown significant strength in trading today” reports forexlive.com. Treasury yields have fallen rather sharply in European trading so far but yet USD/JPY has only nudged lower by ~15 pips from 109.10 to 108.95. Those will be the key levels to keep an eye out for as we look towards the next possible catalyst for a move in the pair – which is the US CPI data at 1330 GMT. Beyond that, there’s also Fed…

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News 

N.J. residents spared FEMA’s flood insurance premium hike — for now

“They decided to rebuild their home and elevate it, which should keep her flood insurance lower” writes Snietomunoz Njadvancemedia Com for nj.com. After 35 years of being a homeowner, she filed a flood insurance claim for the first time.It’d likely lead to higher flood insurance rates for some homeowners as flood maps are redetermined, but it’s unclear exactly how much higher and what new characteristics will be used to rate properties.Amid concerns it could hike up premiums and harm homeowners, FEMA deferred the overhaul to how the federal government rates…

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News 

These are the world’s best gifts to give, according to science, and people are willing to pay nearly twice as much for plant-based milk

“President Trump on Tuesday called a U.S.-China trade deal close, as he also spoke at a fundraiser in New York” writes Meera Jagannathan for marketwatch.com. The President on Tuesday emphasized the successes of his economic agenda in a speech in New York that provided few insights on the status of U.S.-China trade talks. Source: marketwatch.com

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News 

Tron Price Analysis: Remains At Risk Of Downside Break

“TRX price remains at a risk of a downside break if it continues to struggle near $0.0204” writes Aayush Jindal for livebitcoinnews.com. TRON price is trading in a contracting range against the US Dollar and bitcoin.The chart indicates that TRX price is struggling to hold the key $0.0185 support area.After a strong rally, TRON price started a steady decline from the $0.0235 resistance against the US Dollar.To start a fresh increase, tron price needs to surpass the $0.0200 and $0.0204 resistance levels. Source: livebitcoinnews.com

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