#regulatorystandards — Public Fediverse posts

I want to unpack what David Seymore said in the quote below.

• There is nothing impractical about referencing the Treaty. Indeed, when messing about with the constitutional framework of Aotearoa I think it behoves one to reference the founding document.

• I find it interesting that ‘spiritual exercise’ is being used to dismiss the critique. It probably reflects on the generally agnostic view of most kiwis. However, it can also be seen to be a dog whistle to those that see Māori as more ‘spiritual’.

• ‘For all New Zealanders’ is another dog whistle. Māori are disadvantaged by almost every measure. We need specific measures to assist Māori. Those measures *do* need to be practical, targeted, and culturally sensitive. Helping Māori will help everyone in Aotearoa.

#nzpol #RegulatoryStandards

“‘This is actually a practical project. It's not a sort of spiritual exercise,’ [David Seymore] said.

“‘If you can find any person that will give me a practical example of how putting the Treaty into the regulatory standards bill would change the outcome in a way that's better for all New Zealanders, then I'm open minded.’”
https://www.rnz.co.nz/news/political/566580/analysis-where-next-for-regulatory-standards-bill

OKX selects Malta as MiCA hub for EU crypto compliance - OKX selects Malta for its MiCA hub, leveraging its existing VFA Class 4 ... - https://cointelegraph.com/news/okx-malta-mica-hub-eu #regulatorystandards #eucryptocompliance #vfaclass4license #eucryptoservices #cryptoexchange #web3technology #micahub #malta #okx

#GAO Report, BANK REGULATION #PreliminaryReview of #AgencyActions Related to March 2023 #BankFailures https://www.gao.gov/assets/gao-23-106736.pdf #SVB #FinancialStability #FinancialSystem #RegulatoryStandards #regulatoryfailures #banking #FederalReserve

#RegulatoryStandards for #SVB were too low, the #supervision of S.V.B. did not work with sufficient force and urgency, and #contagion from the firm’s failure posed #systemic consequences not contemplated by the Federal Reserve’s tailoring framework,” Mr. #Barr wrote in a letter accompanying the report."

#RegulatoryStandards for #SVB were too low, the supervision of SVB did not work w/sufficient force & urgency, & contagion from the firm’s failure posed systemic consequences not contemplated by the #FederalReserve’s tailoring framework," #Fed Vice Chair for Supervision Michael Barr wrote, referring to 2018 & 2019 moves….

Barr’s investigation pointed to 4 main culprits, w/blame spanning from the bank’s reckless execs to #Congress’s push to weaken #oversight of the #banking system.