Goldilocks’ Comments and Global Economic News Saturday 3-16-2024
Good Evening
“The European Union’s parliament on Wednesday approved the world’s first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment. The regulation is expected to enter into force at the end of the legislature in May, after passing final checks and receiving endorsement from the European Council.”
European lawmakers have just passed the world’s first major Act in regulating Artificial Intelligence inside the banking systems. These new features will be able to evaluate levels of risk from low, medium, to high.
Banks will be able to use AI in creating security, efficiency, and customer experience. AI will be able to automate routine tasks such as data entry and fraud detection.
Other benefits of using artificial intelligence will include operational costs and chat boxes that provide 24/7 customer service. Artificial Intelligence will provide round the clock services each day of the week going forward.
It is important to note that these new banking features through artificial intelligence is expected to be done by the end of May. The world of automation is here. CNBC Knowledge
© Goldilocks
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“The Depository Trust & Clearing Corporation (DTCC), a post-trade market infrastructure for the global financial services industry, has seen its Fixed Income Clearing Corporation (FICC) Treasury clearing volumes grow 31% year over year, processing a daily average volume of $7.02tn.”
FICC includes products such as Forex, Commodities, and Government Bonds. And, it is important to note that part of this 31% growth year over year includes foreign currency cash transactions with expectations of more growth in the near term.
This article appears in Hedge Week for a reason. Hedge Funders anticipate growth and get out ahead of the crowd for investment opportunities.
Currencies around the world are beginning to trade in local currencies, and the expansion requirement by the SEC of DTCC’s services could not have come at a more appropriate time. Hedge Week 1
Hedge Week 2
© Goldilocks
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#XRP Non-Security Status Acknowledged by European Corporate Governance Institute
The Crypto Basic Twitter
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SILVER RED ALERT! 76.3Moz of Silver Imported by India in FEBRUARY!! Game Over RIGGERS! (Bix Weir) | YouTube
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Top Real World Asset (RWA) Network is STELLAR as of March 15, 2024
Source: rwa.xyz
Stellar Flips Ethereum, takes back No1 position.
#Stellar #TokenizeonStellar #XLM
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👆 Protocol 20 is expanding. YouTube
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US Treasuries Announcement:
The Financial Times reported earlier on Tuesday that CME Group would apply this year to clear U.S. Treasuries, becoming the first exchange company to publicly announce its plans to enter the world’s biggest bond market.
Its competitor Intercontinental Exchange’s (ICE.N), opens new tab president of fixed income and data services, Chris Edmonds, told Reuters his company is also interested in offering Treasury clearing services, saying Intercontinental Exchange “will find a way to serve the market”. Reuters
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Indian regulator SEBI: instant settlement, tokenization needed to compete with crypto – Ledger Insights – blockchain for enterprise
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Short-Term Treasury Market Walks Away from Rate-Cut Mania, Inflation Has Upper Hand | Wolf Street
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“Realtors Reach Settlement That Will Change How Americans Buy and Sell Homes” WSJ 1 WSJ 2
