Global Race to Tapering Ignites Hunt for Next Currency Winners
Jill Ward and Anchalee Worrachate, Bloomberg News Pedestrians use a footbridge with the skyscraper office buildings of the Moscow International Business Center (MIBC), also known as Moscow City, beyond in Moscow, Russia, on Sunday, May 2, 2021. Facing a rising wave of Covid-19 infections and a vaccination rate that isnât keeping up, the Kremlin is trying to contain the epidemic without alarming Russians. , Bloomberg
(Bloomberg) Global central banks are starting to wind down the trillion-dollar money printing machines set in motion to rescue their economies in 2020. Getting ahead of them is becoming this yearâs biggest currency trade.
SEC Chairman Gary Gensler Wishes to Work with US Congress on Crypto Exchange Regulations
May 7 2021 · 08:59 UTC | Updated
May 7 2021 · 09:04 by Bhushan Akolkar · 2 min read
Photo: Shutterstock
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The SEC Chairman called for higher regulatory clarity on the working of crypto exchanges in the US while ensuring investor protection.
On Thursday, May 6, US SEC chairman Gary Gensler said that he is willing to work with the US Congress in setting up the regulatory framework for crypto exchanges. Gensler’s recent comments came during a hearing on Thursday, May 6, while testifying with the House Financial Services Committee.
Last week, in an interview with
Bloomberg, Economic Secretary to the
Treasury John Glen told reporters that the United Kingdom is
preparing to socialize detailed proposals for wider reform to
the capital markets in order to maintain the
competitiveness of London [.] as a global hub for financial
services.
The comments by Mr. Glen mirror those recently made by Mr. Andrew Bailey, governor of the
Bank of England. He recently advocated against a regional
argument, noting that an open world economy supported
by an open financial system that respects the public interest
objective of financial stability will bring the greatest benefits