News Regulators 

Fed’s policy pause sets stage for broad overhaul

“A Fed economic report released Friday showed why concerns about weak inflation have suddenly taken root” reports businessinsider.com. Investors have in recent months complained that financial conditions are tightening because of the Fed’s gradual reductions to its balance sheet, swollen from trillions of dollars of bond-buying in the post-crisis years.Though Clarida suggested the result of the policy review, expected to be complete by the first half of 2020, it could be that the Fed sticks with its current policy.Louis Fed President James Bullard went so far as to suggest that…

Read More
Markets News 

There’s ample evidence the Fed’s worst fears about the economy are coming true — and they signal that rate cuts are coming

“On the one hand, that decline could stem from a decrease in expected inflation on the part of market participants” writes David Rosenberg for businessinsider.com. The US economic forecast prepared by the staff for the January FOMC meeting was revised down a little, on balance, primarily reflecting somewhat lower projected paths for domestic equity prices and foreign economic growth.Participants noted that growth of business fixed investment had moderated from its rapid pace earlier last year.Participants noted that financial asset prices appeared to be sensitive to information regarding trade policy tensions,…

Read More
News 

FATF says EU dirty money list risks undermining its work

“The FATF is an inter-governmental organization that underpins the fight against money laundering and terrorism financing by setting global standards and checking if countries respect them” reports businessinsider.com. He said that the FATF spent tens of thousands of hours working against money laundering and the financing of terrorism, and insisted that the body played the “central role” on the issue. Criteria the European Commission used to blacklist countries include weak sanctions against money laundering and terrorism financing, insufficient cooperation with the EU on the matter and lack of transparency about…

Read More
News 

Exclusive: SpaceX, Boeing design risks threaten new delays for U.S. space program

“Boeing spokesman Josh Barrett said the company “closed out” the capsule’s structural vulnerability risk when it completed its structural test program in January” reports businessinsider.com. The NASA risk database is updated routinely during the course of NASA’s stringent certification process, which includes data collection, tests and collaboration with SpaceX and Boeing, the people said. Source: businessinsider.com

Read More
News 

WH Readies Panel to Question Security Risks of Climate Change

“WASHINGTON (Reuters) – The White House is readying a presidential panel that would question U.S. military and intelligence reports showing human-driven climate change poses risks to national security, according to a document seen by Reuters on Wednesday” writes Timothy Gardner for reuters.com. Happer disagrees with mainstream climate science and believes that emissions of the main greenhouse gas that scientists blame for climate change – carbon dioxide – benefits the planet by helping plants grow.In January, the Department of Defense said climate change was a national security issue and listed 79…

Read More
GBP News 

Britain managing Huawei risks, has no evidence of spying: official

“From our point of view … if you look at the detailed paper we’re publishing, we set out the way we manage the risks,” Martin said on a conference call with reporters” reports businessinsider.com. The logo of Huawei Technologies is pictured in front of the German headquarters of the Chinese telecommunications giant in Duesseldorf Thomson Reuters LONDON (Reuters) – Britain is able to manage the security risks of using Huawei equipment in national telecoms networks and has not seen any evidence of malicious activity by the company, the head of…

Read More
News 

Cabinet row breaks out over Huawei’s alleged links to Chinese intelligence 

“Tensions have emerged in Cabinet over how to respond to the security risks posed by the Chinese Telecoms giant Huawei amid signs that spy chiefs believe any problems posed by the company are manageable” writes Vernon Bogdanor for telegraph.co.uk. The Commons science and technology committee wrote a month ago to Jeremy Wright, the culture secretary, Jeremy Hunt, the foreign secretary, and Gavin Williamson, the defence secretary, to seek reassurances about the risks from the firm. Norman Lamb, the Liberal Democrat chairman of the committee, asked each of them if they…

Read More
News 

Russia’s Rusal in talks to resume reinsurance with Western companies

“If Rusal persuades Western reinsurers to once again share Ingosstrakh’s risks, RNRC is ready to share 20 percent of that reinsurance with Western firms, Galushin said on Monday” reports businessinsider.com. U.S. President Donald Trump’s administration on Jan. 28 lifted sanctions on Rusal and other core assets of tycoon Oleg Deripaska and the reinsurance talks could show the company is returning to normal operations since then.Ingosstrakh had been reinsuring those risks with Western reinsurance firms prior to the imposition of sanctions by the U.S. Treasury on April 6 last year in…

Read More