Michael Barr, the Federal Reserve's top regulatory official, signaled on Monday that stiffer oversight of cryptocurrency is in the offing, after the collapse last week of crypto exchange FTX that sent shock waves through the industry.
Crypto-asset-related activity"requires effective oversight that includes safeguards to ensure that crypto companies are subject to similar regulatory safeguards as other financial services providers," Barr said in written testimony released Monday ahead of an appearance at the Senate Banking committee Tuesday, his first before Congress since assuming the role of Fed vice chair for supervision.
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Paying maintenance to abusive parents out of fear: Proposed changes to law address issueChildren can experience distress when they are subject to a maintenance claim by their parents who previously abused, neglected or abandoned them. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
Abusive parents to get approval before seeking maintenance from children under proposed changes to lawA workgroup, comprising nine MPs, is open to inputs from the public from Nov 14 to Dec 9. Read more at straitstimes.com. It is about time abused children are thought about
Source: straits_times - 🏆 5. / 69 Read more »
Proposed changes mean not all parents can get financial support from childrenSINGAPORE – Parents who have abused or abandoned their children in the past may have to get permission from the authorities before they can seek financial support from their offspring. This is one of four proposed changes to the law on the maintenance of parents that aim to strike a balance between safeguarding vulnerable seniors and protecting children against misuse...
Source: asiaonecom - 🏆 10. / 59 Read more »
Asia shares pause as Fed warns against exuberanceSYDNEY : Asian share markets were taking a breather on Monday after last week's sweeping rally as a top U.S. central banker warned investors against getting carried away over one inflation number, nudging up bond yields and the dollar.A modest miss on U.S. inflation was enough to see two-year Treasury yie We believe people trust the data more than the Fed after 'transitory' inflation call.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asia shares mixed on Fed warning, China hopesSYDNEY: Asian share markets were mixed on Monday (Nov 14) as a top US central banker warned investors against getting carried away over one inflation number, while Chinese stocks gained on signs of aid for the hard-hit property sector. A modest miss on US inflation was enough to see two-year Treasury yield
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Parents who abused children may find it harder to claim maintenance later, under proposed changes to lawSINGAPORE — To prevent the Maintenance of Parents Act from being unfairly used by abusive parents against their children, a workgroup has proposed four changes to the law, which includes requiring these parents to seek permission from a tribunal before they approach their children for financial help.
Source: TODAYonline - 🏆 1. / 99 Read more »