Tejash & Dev

Financial Services and Markets Bill – Second Reading in Commons

Our blog, Global Regulation Tomorrow offers a convenient resource for those keeping track of the evolving and increasingly complex global financial services regulatory environment. It reports on financial services regulatory developments and provides insights and commentary across Africa, Asia, Australia, Canada, Europe and the United States. We cover a broad range of financial services regulatory…

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Greg Morrisett to co-lead new NYS AI safety research center

Greg Morrisett, the Jack and Rilla Neafsey Dean and Vice Provost of Cornell Tech, has been named interim co-director of the New York Center for AI Responsibility and Research (NYCAIRR), a new statewide initiative launched by Gov. Kathy Hochul to advance artificial intelligence science and safety. Morrisett will lead the center with Jeannette Wing, executive…

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China Merchants takes delivery of methanol-capable car carrier

The ship was built to carry electric and plug-in hybrid cars and will add capacity to China’s vehicle exports, China Classification Society said. IMAGE: CM Wuhan at its naming and delivery ceremony in Haimen, China. China Classification Society Chinese shipbuilder China Merchants Heavy Industry (Jiangsu) handed over the ship, named CM Wuhan, at Nantong in…

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U.S. and Mexico Resolve Alimentos Grole Labor Dispute

Highlights The United States and Mexico have completed a remediation process addressing alleged labour rights violations at Alimentos Grole’s facility in Ciudad Obregón, Sonora. Nine dismissed workers were reinstated with back pay and benefits, while two received full severance payments. The company dismantled a company-aligned internal labour committee and introduced new worker protection measures. Mexico…

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New CBN Rules Raise Compliance Bar for Stablecoin and Crypto Operators

The framework marks a significant expansion of formal oversight of Nigeria’s digital financial market. It seeks to address risks associated with customer assets, liquidity, cybersecurity and financial crime while providing clearer operating requirements for businesses serving Nigerian users. CBN establishes licensing and capital requirements The new rules require issuers and service providers involved in regulated…

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