Latest News on private equity markets

Regulation | Nov 24, 2023 UK's Approach to CBDCs and Privacy On November 7, 2023, a question raised in the UK Parliament by Mr. David Davis, a Conservative MP, brought to light the critical issue of privacy in the context of a UK CBDC. The response from Andrew Griffith, also a Conservative MP, emphasized the

Payments Regulation | Nov 24, 2023 The final regulations for the Retail Payment Activities Act (RPAA) have been published in the Canada Gazette, Part II. These regulations help clarify the details of the legislation and outline the intentions of the law. Payment service providers (PSPs) will be required to register with the Bank of Canada

President Joe Biden's new plan to forgive student debt is likely to look much different than his first.

Crowdfunding | Nov 24, 2023 The Kickstarter campaign for the Cascade Pro | Trackable Performance Wallets by MANI WONDERS is an exciting development in the world of personal accessories. This product is designed to offer both style and functionality, making it an ideal choice for those who appreciate efficiency and security in their everyday carry

Nearly 250,000 Honda vehicles were recalled mid-November for possible engine damage. Recall repairs are usually covered; rental cars are not.

AI | Nov 23, 2023 Sam Altman Returns to OpenAI and New Strategic Board.  A Remarkable Turnaround in AI Leadership Altman's abrupt dismissal, which led to a near-unanimous threat of resignation from OpenAI's 750-strong workforce, was quickly followed by an "agreement in principle" for his return. This decision underscores the critical role Altman plays in

Open Finance Report | Nov 23, 2023 'Open Finance' is at the forefront of financial innovation, promising to redefine how we interact with financial data. The recent OECD report on "Open Finance Policy Considerations" offers a comprehensive analysis of this paradigm shift, highlighting its potential benefits, inherent risks, and the critical considerations for successful implementation.

Nov 23, 2023 Wealthsimple has recently launched a private equity fund with investment opportunities for retail investors. Wealthsimple's new private equity fund is managed by LGT Capital Partners, part of the Liechtenstein royal family’s wealth management group, and represents its third private asset product. This move aligns with a growing trend among fund managers to

Nov 23, 2023 Transformative Approach to Regulation Focusing on Innovation and Economic Growth In November 2023, the UK government received a key document, the "Pro-innovation Regulation of Technologies Review – Cross-cutting and Growth Duty," authored by Professor Dame Angela McLean outlining a transformative approach to regulatory practices, emphasizing innovation and economic growth. Overview of the

Single mothers face high rates of financial insecurity. Experts have financial tips to help them thrive.

Millennials have more conservative portfolios than older investors, according to a Charles Schwab poll. That's out of whack with their time horizon.

Crypto | Nov 23, 2023 Changpeng Zhao, Binance CEO steps down following $4.3 billion settlement with U.S. regulatory agencies. Changpeng Zhao (CZ), the CEO of Binance, has stepped down and pleaded guilty (federal court in Seattle) to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the

The U.S. economy has so far defied predictions of a coming recession, but many large companies are laying off workers. What to know about jobless benefits.

Open Banking | Nov 23, 2023 In this weeks Fall Economic Statement the federal government announced plans to introduce open banking laws in 2024, and to expand Payments Canada membership eligibility. See:  Bill C-365: Paving the Way for Open Banking in Canada? Open Banking Legislation Coming 2024 The Canadian government has announced plans to introduce

As mutual fund investors brace for year-end distributions, experts have tips to lessen the tax burden in future years. Here's what investors need to know.