Goldilocks’ Comments and Global Economic News Saturday 4-27-2024
Good Evening
CFTC to Hold a Commission Open Meeting April 29. On April 22, Chairman Rostin Behnam announced the Commission will hold an open meeting on Monday, April 29 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. The Commission will consider Final Rule “Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants” and Final Rule “Adopting Amendments to the Large Trader Reporting Rules for Futures and Options.”
👆The above meeting has been canceled, and the CFTC has decided to speed up the process in moving this through the system inside a Commission’s seriatim process.
The Commission’s seriatim process is the process by which the Commission takes collective action without convening a meeting of the Commissioners.
So, the capital and reporting requirements for swap dealers and participants along with adopting amendments to the large trader reporting rules for Futures and Options have been moved to the Final Rule.
Final Rule is the implementation phase of the legislative process, so it doesn’t look like we’re going to wait until May 13th for this to move into the implementation stage. CFTC Gibson Dunn SEC
Yes, this is regarding our ability to exchange Foreign Currency.
© Goldilocks
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“Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments.”
National Bank of Iraq and Temenos have partnered together to transition the Iraqi Banks from Legacy Systems to a Unified Core Banking and Payments Platform.
Core Banking is the back-end processing of transactions including deposits, loans, and credit processing.
This integration will streamline operations and accelerate product development for customers across the Capital Bank Group. The Capital Bank Group globally connects Iraqi banking systems.
Temenos digital products are adaptable and scalable that will allow them to work inside an Open Banking System. This new upgrade will allow Iraq to trade with Global Financial Institutions around the world. Fintech Global HCL Tech Temenos
© Goldilocks
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When Gold & Commodities Explode, Currencies Implode w/ Bill Holter | Youtube
When gold and other commodities explode to the upside, currencies begin to collapse within themselves.
This is when credit valuations begin to be measured and implemented based on new price patterns developing on the market. It is a result of old calculations and correlations falling apart.
Here, we will see currency interventions take place after the de-dollarization process provides a bridge to the new digital gold standard economy.
© Goldilocks
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The Federal Deposit Insurance Corporation on Friday said that Republic First Bank has been closed by Pennsylvania state regulators, in what the FDIC said was the first US bank failure this year. | CNN
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Air Zimbabwe Embraces ZiG Currency | Pindula
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House and Senate race to approve stablecoin legislation as interest rises | Kitco
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Chinese Investment Gold Demand Soars – Numismatic News
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HKMA Proposes Revisions to E-banking Risk Management Requirements | РИСК-АКАДЕМИЯ – АНО ДПО ИСАР | Regulation Asia
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WASHINGTON — The G7 Cyber Expert Group completed a cross-border coordination exercise on 17 April 2024. G7 authorities routinely exercise to ensure they can effectively coordinate and communicate their response in the event of a widespread cyber incident affecting the financial system. | Treasury Press Release
👆 Goldilocks pointed to this article
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Spot Crypto ETFs Set To Begin Trading in Hong Kong Next Week: Report | Daily Hodl
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4/27/2024 MissiOkie’s husband Charlie passed. He was in peace and so is MissiOkie. Please pray for MissiOkie and the family. God Bless
MissiOkie is the Seeds of Wisdom Team Coordinator!
Seeds of Wisdom Team Prayer Room Link
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Basel Committee on Banking Supervision Announcement:
“BCBS will also publish new proposed guidelines for banks in the coming week on counterparty credit risk management.” Capital
😔 More on this tomorrow…
© Goldilocks
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The IMF’s Warning to the United States- How US Overspending Affects Gold & Crypto | Youtube
👆 Do you see how inflation is pushing people like you and me into gold and crypto adoption?
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👆 more on this tomorrow …
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Taxing Unrealized Gains Would Obliterate The U.S. Economy | ZeroHedge
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Franklin Templeton launches Ethereum ETF, listed on DTCC | CoinTelegraph
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DTCC rules out collateral for Bitcoin-linked ETFs | CoinTelegraph
