United States
Cybersecurity
House committee on homeland security convenes to address cybersecurity workforce gap.
Data
A coalition of US states is planning to file a lawsuit in an effort to block Elon Musk’s DOGE from accessing federal government payments systems containing the personal data of Americans.
Enforcement
CFTC announces it will stop “regulation by enforcement” and instead focus on fraud.
ESG
The Bezos Earth Fund ended its support for the Science Based Targets Initiative (SBTi), a global climate standard setter.
And Amazon eliminated a reference to “inclusion and diversity” (subscription) in its annual report, saying it was “winding down” such programs.
Similarly Accenture has scrapped it global diversity and inclusion goals (subscription) in a further sign that companies are moving away from once prevalent diversity and inclusion practices.
Regulation
CFTC announces prediction market roundtable.
FINRA will delay the implementation of its rule to reduce the current 15-minute timeframe for reporting transactions, as it addresses comments and criticism.
Trump finds unlikely ally in Elizabeth Warren over debanking concerns.
China
State attorneys general, led by the attorney general of the State of Montana, accused large asset managers, including BlackRock, of misrepresenting or concealing the material risk of Chinese investments.
EU
ESMA launched two public consultations connected with a review of the European Market Infrastructure Regulation (EMIR 3) covering:
- Central counterparties initial authorizations and extensions.
- Validations of changes to central counterparties’ models and parameters.
India
India’s central bank is launching new domain names in order to help Indian financial institutions combat rising digital payments fraud. The “.bank.in” and “.fin.in” domains will be available to bank and non-bank financial institutions.
Japan
Nissan steps back from Honda merger.
Japan tackles generative AI misinformation with new regulation.
South Korea
Lee Jae-yong, the chairman of Samsung, was cleared by an appeals court (subscription) of long-running accounting fraud and stock manipulation charges.
UK
The UK Home Office served Apple with a notice under the Investigatory Powers Act in an attempt to force the company to provide it with access to encrypted data stored in its cloud service.
