Tag

Regulatory Requirements

All articles tagged with #regulatory requirements

technology1 year ago•1 min saved

"Apple Unveils iOS 17.4, watchOS 10.4, and macOS Sonoma 14.4 Betas with Exciting Updates"

Apple has released the third beta version of iOS 17.4, focusing on changes made in the EU due to regulatory requirements, including reduced commission structure for apps, allowing third-party default browsers and web engines on iPhone, and support for third-party iPhone app stores. The update also includes new emoji characters. Additionally, beta versions of macOS 14.4, watchOS 10.4, and tvOS 17.4 have been released, with iOS 17.4 set to be available for everyone in March.

via 9to5Mac|

#apple #beta #eu

technology1 year ago•1 min saved

"Apple's Latest Betas Introduce Enhanced Apple Cash Features and Remove Web App Support"

Apple has released the third beta of iOS 17.4, which primarily focuses on changes made in the EU due to regulatory requirements, including reduced commission structure for apps, allowing third-party default browsers and web engines, and support for third-party iPhone app stores. The update also includes new emoji characters for global users. Additionally, macOS 14.4 beta 3, watchOS 10.4 beta 3, and tvOS 17.4 beta 3 have been released, with iOS 17.4 set to be available for everyone in March.

via 9to5Mac|

#apple #beta #eu

finance1 year ago•0 min saved

"New York Community Bancorp Stock Plummets, Sparking Wider Financial Concerns"

New York Community Bancorp's stock value is set to halve as it continues to slump, with shares plummeting 11% on Tuesday following a surprise quarterly loss. The sell-off has raised concerns about the industry's health, although analysts have noted that the bank's issues are specific to its balance sheet. The capital-building exercise, which led to a 70% dividend cut, was prompted by the bank's need to comply with stricter regulatory requirements after its acquisition of Signature Bank last year. Despite this, at least 13 brokerages have downgraded or lowered their price targets for the bank's stock, and Fitch highlighted concerns about the bank's reduced flexibility and provisions exceeding expectations.

via Yahoo Finance|

#finance #new-york-community-bancorp #quarterly-loss

finance1 year ago•3 min saved

New York Community Bancorp Stock Plummets After Surprise Loss and Dividend Cut

New York Community Bancorp's stock plummeted 37% after reporting a surprise loss, increasing reserves, and signaling trouble in the office-space sector with two troubled loans. The bank also announced a more than two-thirds dividend cut to meet regulatory requirements as a larger Category IV bank. The fourth-quarter loss was $260 million, with adjusted earnings per share at 27 cents, missing estimates. The bank's net interest income and revenue also fell short of analyst expectations. The stock's largest one-day percentage drop in history reflects concerns about credit risk and capital building, following the acquisition of Signature Bank and Flagstar Bank.

via MarketWatch|

#dividend-cut #finance #new-york-community-bancorp

finance2 years ago•1 min saved

Industry Body Urges Europe to Prepare for U.S. Treasury Clearing Rules and $1 Trillion ETF Risk

Europe must prepare for the implementation of U.S. plans to mandate the clearing of U.S. Treasuries transactions, according to the International Swaps and Derivatives Association (ISDA). The rules, yet to be finalized by the U.S. Securities and Exchange Commission, aim to enhance stability and resilience in the $25 trillion Treasuries market. The changes will have global implications, affecting dollar funding worldwide. ISDA emphasizes the need for careful consideration of the clearing process and ensuring that certain market participants do not lose access to Treasuries due to the new regulations. The implementation timetable should be designed to address the challenges faced by financial markets in the United States, which are already dealing with compliance pressures from other pending regulatory changes.

via Reuters|

#clearing-rules #derivatives-market #europe

space2 years ago•2 min saved

"US Government Blocks Reentry of Spacecraft Carrying HIV Drug Experiment"

Varda Space Industries' commercial spaceflight, carrying an orbiting laboratory named "Winnebago," is currently stuck in orbit as the company failed to obtain a re-entry license from the FAA. The FAA denied Varda's application due to non-compliance with regulatory requirements, but the company has requested a reconsideration. Re-entry licensing is still relatively new, with only two companies having received a commercial FAA re-entry license to date. The FAA's review is also holding up SpaceX's second full-scale test flight of the Starship rocket, but the agency is working closely with SpaceX to address corrective actions.

via Boing Boing|

#commercial-spaceflight #faa #re-entry-permit