News highlights – 16 November 2017

Written by on November 17, 2017 in News with 0 Comments

News highlights for 16 November 2017

REUTERS/Brian Snyder

Traditional banks should help regulate fintech: Fed

WASHINGTON (Reuters) – Traditional lenders should demand that online financial companies protect consumer privacy and money interests, Federal Reserve Governor Lael Brainard said on Thursday. Read more…

Should Europe regulate cryptocurrencies?

FLORENCE, Italy (Reuters) – European Central Bank governing council member Ewald Nowotny said on Thursday that legislators and central bankers are discussing whether they should intervene to regulate cryptocurrencies, as China already has done. Read more…

Insurance provider Forte to join Smart Axiata Innovation Fund

Cambodian cellco Smart Axiata announced that regional insurance provider Forte Insurance will join the Smart Axiata Digital Innovation Fund (SADIF) as co-investor to help spur Cambodia’s digital economy. Read more…

Buffett slashes stake in IBM – why?

Legendary investor Warren Buffett appears to be cutting his losses on his IBM investment, slashing his shares by one-third in the last quarter. Read more…

Mandatory disclaimers on US election ads on the cards

(Reuters) – U.S. regulators on Thursday kicked off a process that could result in mandatory disclaimers on election ads that appear on social media, a reaction to anonymous, Russia-linked ads on sites such as Facebook ahead of the 2016 U.S. elections. Read more…

And looser ownership rules for the media

WASHINGTON (Reuters) – The U.S. Federal Communications Commission on Thursday voted to remove key roadblocks to increased consolidation among media companies, potentially unleashing new deals among TV, radio and newspaper owners as they seek to better compete with online media. Read more…

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