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Analysis-US bitcoin ETFs raise questions over broader financial system risks

The launch of U.S. exchange-traded funds (ETFs) tracking bitcoin deepens ties between the volatile world of cryptocurrencies and the traditional financial system, potentially creating unforeseen new risks, some experts say. The Securities and Exchange Commission (SEC) this month approved 11 spot bitcoin ETFs from issuers including BlackRock and Invesco/Galaxy Digital, in a watershed moment for a crypto industry dogged by bankruptcies and crime. The SEC had long rejected the products citing inv...
United States Caroline Crenshaw Lapo Guadagnuolo Chris Prentice Saqib Ahmed Gary Gensler
Source: yahoo.com

Yellen Says US to Examine AI's Risks to Financial Stability

(Bloomberg) -- Top US regulators view artificial intelligence as a looming vulnerability for financial stability, underscoring Washington’s mounting concern over systemic dangers posed by the burgeoning technology. Most Read from BloombergRange Rovers Become Thief-Magnets, Causing Prices to TumbleOwner of the Philippines’ Largest Malls Says China Feud May Hurt BusinessesCiti Shuts Muni Business That Once Was Envy of RivalsUS Approves New Kind of Nuclear Reactor for First Time in 50...
White House District Of Columbia United States Gary Gensler Michael Barr Joe Biden
Source: yahoo.com

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New scheme to build energy supply chains in emerging world

The scheme will offer financial and technical support to help emerging market and developing countries boost production of clean energy goods and โ€œincrease their participation in global mineral value chains,โ€ Japanโ€™s Ministry of Finance and the World Bank said in a statement
City Of United Kingdom South Korea Shunichi Suzuki Trevor Maynard Cambridge Centre For Risk

Global economic losses from extreme weather could hit $6.8 trillion, Lloyd's says

AsiaOne has launched EarthOne, a new section dedicated to environmental issues โ€” because we love the planet and we believe science. Find articles like this there. LONDON โ€” Global economic losses could reach US$5 trillion (S$6.8 trillion) under a "plausible increase" in extreme weather events linked to climate change that cause crop failures and food and water shortages, insurance marketplace...
United Kingdom City Of Trevor Maynard Cambridge Centre For Risk Cambridge Centre Risk Studies

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