The hottest Regulations Substack posts right now

And their main takeaways
Category
Top Technology Topics

New Fast Tests and Distress from Regulators

Joshua Gans' Newsletter • 19 implied HN points • 28 Aug 20
🏥 Health & Wellness Testing Regulations Infectiousness Public Health
  1. Widespread frequent testing is crucial to quickly deal with Covid-19 and reduce economic pain. Challenges include the need for cheap, rapid tests and regulators changing their approach for pandemic mitigation.
  2. The new Abbott test is a $5 fast test authorized by the FDA, but is limited to use on symptomatic individuals. The test requires administration by healthcare providers, impacting its potential impact.
  3. Regulations can be changed to expand the use of tests like Abbott's which may be more valuable for identifying infectious individuals. The decision to limit the test to symptomatic use may hinder efforts to stop the virus spread.

Conspiracy theory: Electric cars make more air pollution than gas cars

DYNOMIGHT INTERNET NEWSLETTER • 3 HN points • 27 Jul 23
🔬 Science Environment Emissions Technology Research Regulations
  1. Modern gas engines are so clean that exhaust is negligible compared to brakes, tires, and road dust.
  2. Heavier cars create more particulate air pollution from brake and tire emissions.
  3. Electric cars may have higher tire emissions due to weight, but their regenerative brakes make them cleaner overall compared to gas cars.

SVB’s Failure and the Lack of Reserve Requirements

Satiation Point • 1 HN point • 25 Mar 23
💰 Finance Regulations Reserves Banking Monetary Policy Financial Crisis
  1. SVB's failure had multiple causes, including heavy investment in risky assets and inadequate insurance for deposits.
  2. Abandoning reserve requirements for banks may have contributed to the recent bank run crisis.
  3. Increasing required reserve ratios above zero could help prevent similar crises by ensuring banks hold more funds to satisfy depositors.

The Fate of Crypto Rises and Falls on One Legal Question

Vitarbi • 2 HN points • 30 Mar 23
💰 Finance Cryptocurrency Securities Regulations Investment Legal
  1. The fate of cryptocurrency relies heavily on one legal question about whether certain digital assets should be considered securities under the Howey Test.
  2. The Howey Test is used to determine if a financial instrument is a security by assessing if there's an investment of money in a common enterprise expecting profits from others' efforts.
  3. Being labeled an unregistered security in the crypto industry can lead to severe consequences, including fines and damage to reputation.
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A Monopoly on Poop

Eat Shit and Prosper • 1 HN point • 14 Dec 22
🏥 Health Politics Healthcare access Regulations Pharmaceuticals Public Health Patient Safety
  1. The FDA approved Rebyota, a new treatment for serious gut infections that is basically just processed poop, but it comes with a very high price tag of around $9,487, sparking concerns about its affordability compared to existing fecal microbiota transplants.
  2. Fecal microbiota transplants (FMT) have been used effectively for years but face regulatory challenges, leading to limited access and insurance coverage, which leaves patients with expensive options like Rebyota.
  3. The FDA's new rules seem to restrict the use of lower-cost stool banks for FMTs, creating a monopoly for companies producing expensive versions, which raises questions about priorities in healthcare and profit vs. patient care.

Europe's Tech Talent Brain Drain: Why Startups Are Moving Abroad

Phoenix Substack • 1 HN point • 03 Apr 23
💼 Business Startups Regulations Investment Global Market Innovation
  1. Many talented individuals are leaving Europe for countries like the US due to larger markets and more investment.
  2. Fragmented regulations across European countries make it difficult for startups to compete on a global scale.
  3. The rise of remote work has made it easier for European startups to move abroad, particularly to the US.

Multinational companies as "Mothers of lack of integrity" on Global Warming

Adetokunbo Sees • 1 HN point • 16 Feb 23
🌞 Climate & Environment Global Warming Fossil fuels Carbon Emissions Clean Energy Regulations
  1. Multinational companies are failing to uphold their promises to reduce greenhouse gas emissions
  2. Many global companies prioritize profits over commitments to combatting global warming
  3. Global banks contribute significant financing to fossil fuel companies, exacerbating climate change issues

Daily AI Snapshot: Google’s Gemini Now Integrated Across Gmail, Docs, and More

The AI Observer • 0 implied HN points • 11 Feb 24
🕹 Technology AI Tech Integration Market Competition Ethics Regulations
  1. Google introduces Gemini, a new family of large language models, across its products.
  2. Gemini aims to surpass OpenAI's GPT-4 with multimodal capabilities across Google's ecosystem.
  3. Google's Gemini represents a significant advancement in AI integration in everyday tools, potentially reshaping the competitive AI landscape.

Ethical Considerations at the Intersection of Law and AI

AI For Lawyers • 0 implied HN points • 11 Feb 24
🕹 Technology AI Ethics Data security Regulations
  1. Ethical considerations are crucial for lawyers integrating AI into their practice, affecting duties like confidentiality and candor.
  2. Using AI in law introduces privacy concerns such as data security, client confidentiality, and adherence to ethical responsibilities.
  3. Legal professionals must navigate complex ethical and regulatory landscapes when using AI, with an emphasis on privacy protection, compliance, and client transparency.

Daily AI Snapshot: US AI Regulations: A Patchwork Emerges

The AI Observer • 0 implied HN points • 12 Feb 24
🕹 Technology AI Regulations Innovation Compliance Policy
  1. In 2023, AI encountered significant innovation alongside heightened legislative scrutiny in the US, leading to a complex landscape of 190 state bills and 14 laws along with federal actions.
  2. The increasing regulation indicates a shift towards more controlled AI development at both state and federal levels that may impact how organizations utilize AI technologies.
  3. US AI regulations pose challenges but also present opportunities for safer and more responsible AI development, pushing companies to innovate within a legal framework.

Announcing Amanita Security

INT3 / Low-level Cybersecurity • 0 implied HN points • 14 Feb 24
💼 Business Consulting Cybersecurity Regulations Services Articles
  1. Amanita Security is a new cybersecurity company focused on assisting product manufacturers with improved security measures and compliance with new regulations.
  2. Manufacturers are expected to undergo a shift towards enhanced cybersecurity due to evolving regulations and the need for secure products from circuit board to cloud.
  3. Future articles on INT3 will be released on the Amanita Security website, focusing initially on European cybersecurity regulations and technical topics, with an invitation for topic suggestions from readers.

Alert: Central Bank of Nigeria Circular FMD/DIR/PUB/CIR/001/012

RegAlert • 0 implied HN points • 09 Feb 24
💰 Finance Regulations Foreign Exchange Transparency
  1. Financial institutions are requested to remove the spread on foreign exchange transactions and conduct transactions on a 'Willing Buyer and Willing Seller' basis.
  2. Ethical standards like price disclosures and transparency are emphasized for foreign exchange dealings.
  3. All executed transactions must be immediately recorded on relevant treasury systems and reported to market authorities.

Alert: Central Bank of Nigeria Circular BSD/DIR/PUB/LAB/016/027

RegAlert • 0 implied HN points • 03 Feb 24
💰 Finance Banking Regulations Nigeria
  1. Central Bank of Nigeria is updating the Cash Reserve Requirement (CRR) mechanism for banks, with changes like no longer having daily CRR debits and specific ratios for different types of banks.
  2. Commercial banks will have a 32.5% ratio and merchant banks 10% applied to increases in their weekly average adjusted deposits.
  3. Banks not meeting the minimum Loan to Deposit Ratio (LDR) will face a 50% CRR levy on the lending shortfall.

Alert: Central Bank of Nigeria Circular TED/FEM/FPC/GEN/001/002

RegAlert • 0 implied HN points • 01 Feb 24
💰 Finance Regulations Compliance
  1. Central Bank of Nigeria has issued revised guidelines for International Money Transfer Services, aiming to enhance transparency, promote diaspora remittances, and improve the ease of doing business for IMTOs and money transfer recipients.
  2. Authorized dealers, IMTOs, and the general public are expected to adhere to the updated guidelines provided by the Central Bank of Nigeria.
  3. The revised guidelines are crucial for boosting the foreign exchange market and ensuring compliance among stakeholders in the money transfer sector.

Alert: Central Bank of Nigeria Circular FMD/DIR/PUB/CIR/001/011

RegAlert • 0 implied HN points • 30 Jan 24
💰 Finance Regulations Financial Markets Transparency Market Manipulation Central Banks
  1. Financial institutions must provide transparent pricing in financial market transactions to avoid market manipulation.
  2. The Central Bank of Nigeria warns against underreporting transaction rates and using 'second cheques' as these practices will be sanctioned.
  3. Compliance with CBN rules and guidelines is crucial for a well-functioning and transparent financial market.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/002/002

RegAlert • 0 implied HN points • 08 Dec 23
💰 Finance Banking Regulations Compliance Money Laundering
  1. Financial institutions in Nigeria need to collect evidence of registration with SCUML from Non-Profit Organizations before starting a business relationship.
  2. Banks and financial institutions must update their customer account information according to the new requirement.
  3. The Circular FPR/DIR/PUB/CIR/002/002 outlines the additional Know Your Customer requirement for NPOs in Nigeria.

Alert: Central Bank of Nigeria Circular BKS/DIR/CIR/GEN/001/003

RegAlert • 0 implied HN points • 17 Oct 23
💰 Finance Regulations Banking Compliance
  1. Financial institutions in Nigeria must validate MICR codeline details based on Nigerian Cheque Standards and ensure proper calibration of in-house cheque processing equipment.
  2. Supervision of cheque processing equipment is essential to prevent image and data distortion during the cheque truncation process.
  3. Non-compliance with the circular may lead to penalties for financial institutions.

Alert: Central Bank of Nigeria Circular PSM/DIR/PUB/CIR/001/049

RegAlert • 0 implied HN points • 31 Jul 23
💰 Finance Banking Regulations Nigeria
  1. Microfinance banks and primary mortgage banks in Nigeria are exempted from paying processing fees for withdrawals above cash withdrawal limits from correspondent banks.
  2. The exemption is meant to support these banks in providing specialized retail banking services to the economically active poor.
  3. While exempt from processing fees, these banks still need to comply with the cash withdrawal limits set in an earlier circular by the Central Bank of Nigeria.

Alert: Central Bank of Nigeria Circular PSM/DIR/PUB/CIR/001/039

RegAlert • 0 implied HN points • 27 Jun 23
💰 Finance Regulations Payments Banking Risk management Standards
  1. The Central Bank of Nigeria issued guidelines for contactless payments in the country, aiming to standardize operations and promote innovation while ensuring financial system stability.
  2. Banks, financial institutions, and payment service providers are required to adhere to these guidelines, implement risk management processes, and maintain relevant standards for contactless payments.
  3. Participants in contactless payments in Nigeria must download and adhere to Circular PSM/DIR/PUB/CIR/001/039 available on the Central Bank of Nigeria's website.

Alert: Central Bank of Nigeria Circular PSM/DIR/PUB/CIR/001/048

RegAlert • 0 implied HN points • 27 Jun 23
💰 Finance Banking Regulations Payments Technology
  1. The Central Bank of Nigeria has issued a circular regarding transaction limits on contactless payments, requiring adherence from financial institutions and payment service providers.
  2. Transactions exceeding the specified limits on contactless payments will need verification and authorization.
  3. Higher-value contactless payments must meet existing KYC requirements and limits on electronic payment channels, while transactions above the daily cumulative limit should use contact-based technology.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/007/075

RegAlert • 0 implied HN points • 23 Jun 23
💰 Finance Regulations Risk management Compliance
  1. Financial institutions must establish measures to mitigate risks from high-risk customers, including Politically Exposed Persons (PEPs)
  2. The Central Bank of Nigeria has issued a guidance note to help with assessing and mitigating these risks
  3. Immediate compliance is expected from all financial institutions regarding the guidance note on Politically Exposed Persons (PEPs)

Alert: Central Bank of Nigeria Circular BSD/DIR/GEN/LAB/09/048

RegAlert • 0 implied HN points • 14 Jun 23
💰 Finance Regulations Banking Compliance
  1. Financial institutions in Nigeria must follow liquidity coverage ratio guidelines to ensure they have enough liquid assets for a 30-day stress scenario.
  2. These institutions need to maintain a level of high-quality liquid assets and report their liquidity coverage ratio to the regulatory body quarterly.
  3. The Circular BSD/DIR/GEN/LAB/09/048 outlines the Exposure Draft of Guidelines on Liquidity Coverage Ratio for Non-Interest Banks in Nigeria.

Alert: Central Bank of Nigeria Circular BSD/DIR/GEN/LAB/09/048

RegAlert • 0 implied HN points • 13 Jun 23
💰 Finance Banking Regulations
  1. The Central Bank of Nigeria has issued a circular regarding Exposure Draft of the Guidelines on Liquidity Coverage Ratio and Revised Guidelines on Regulatory Capital for Non Interest Banks in Nigeria.
  2. The circular provides important regulatory information for non-interest banks and other financial institutions in Nigeria.
  3. This update was posted on June 13, 2023, on the regulatory alerts platform.

Alert: Central Bank of Nigeria Circular BKS/DIR/CIR/GEN/001/001

RegAlert • 0 implied HN points • 09 Jun 23
💰 Finance Banking Regulations Compliance Transactions
  1. Financial institutions in Nigeria must stop using old cheques and follow the new Nigeria Cheque Standards 2.0 by December 31, 2023, or face penalties.
  2. The change is due to the Revised Nigeria Cheque Standard (NCS) and Nigeria Cheque Printers Accreditation Scheme (NICPAS) 2.0 to ensure compliance and uniformity.
  3. Instructions are provided for financial institutions to download and implement Circular BKS/DIR/CIR/GEN/001/001 from the Central Bank of Nigeria website.

Alert: Central Bank of Nigeria Circular BKSD/SCO/CON/001/039

RegAlert • 0 implied HN points • 19 May 23
💰 Finance Regulations Banking
  1. The Central Bank of Nigeria has conducted re-accreditation for Cheque Printers and Personalizers, with listed financial institutions holding valid accreditation licenses.
  2. All accredited printers and personalizers were notified and issued certificates as of May 4th, 2023.
  3. For more details and the full list, you can download Circular BKSD/SCO/CON/001/039 from the CBN website.

Alert: Central Bank of Nigeria Circular FPR/DIR/PUB/CIR/001/072

RegAlert • 0 implied HN points • 28 Mar 23
💰 Finance Regulations Banking Guidelines
  1. The Central Bank of Nigeria has issued guidelines for changing operating licenses for banks and financial institutions in the country.
  2. The guidelines aim to provide clarity on regulatory requirements for financial institutions that want to upgrade or change to a different license.
  3. Financial institutions in Nigeria have three weeks to provide comments and feedback on the draft guidelines.

Alert: Central Bank of Nigeria Circular TED/FEM/PUB/FPC/001/001

RegAlert • 0 implied HN points • 15 Feb 23
💰 Finance Regulations Banking Economy
  1. The Pre-Shipment Inspection Agents (PIAs) Portal has been deployed on the Stakeholder Verification Portal (SVP). PCIs/CCIs will be electronically generated on the SVP from March 1st, 2023.
  2. Authorized Dealers must ensure that the processing of PCIs/CCIs by PIAs is done electronically on the SVP at https://syp.tradesystem.gov.ng.
  3. This circular is issued by the Central Bank of Nigeria notifying Pre-Shipment Inspection Agents (PIAs), Monitoring and Evaluation Agents (MEAs), Authorized Dealers, Nigerian Customs Service (NCS), Exporters, and the General Public about the deployment of the PIA Portal on the SVP.

Alert: Central Bank of Nigeria Circular CPD/MCD/INT/CCD/020/140

RegAlert • 0 implied HN points • 08 Feb 24
💰 Finance Regulations Compliance Consumer Protection
  1. The circular from the Central Bank of Nigeria highlights the importance of compliance with consumer protection regulations for financial institutions.
  2. Financial institutions are required to establish effective internal complaint handling procedures and provide timely resolutions to consumer complaints.
  3. Regular reviews should be conducted by institutions to identify and rectify any deficiencies in their consumer protection practices.

Off to the right start?

Africa Crypto Report (ACR) • 0 implied HN points • 09 May 23
🔮 Crypto Blockchain Cryptocurrencies Regulations Digital Assets Taxation
  1. The Nigerian government approved the National Policy on Blockchain, indicating a significant step in utilizing blockchain technology in the country.
  2. The frameworks by the government distinguish between blockchain technology and cryptocurrencies like Bitcoin, aiming to shift the focus to broader blockchain applications.
  3. Questions remain unanswered about cryptocurrency regulations in Nigeria, as the government has taken measures against crypto since 2021.

Apple’s fintech strategy; FedNow is under the "radar" of Stripe; 2023 Business payments barometer;

Fintech Wrap Up • 0 implied HN points • 21 Jun 23
💼 Business Fintech Payments Acquisitions Regulations
  1. Apple has experienced significant growth in its fintech offerings through partnerships and products like Apple Pay and Apple Card.
  2. FIS acquired the BaaS startup Bond, showcasing continued consolidation in the fintech industry.
  3. Venmo and Cash App are facing pressure from Senate Democrats to improve security measures due to concerns about fraud and consumer protection policies.

Law Enforcement Transcription Rollup

Captain's Log • 0 implied HN points • 08 Jul 23
💼 Business Acquisitions Automation Cost reduction Regulations Efficiency
  1. Acquiring and consolidating small transcription services into a single entity can optimize efficiency and reduce costs in the industry.
  2. Utilizing advanced transcription technologies like OpenAI's Whisper and ChatGPT can lead to significant cost savings and improved productivity.
  3. Centralizing operations through acquisitions and technology adoption can enhance competitiveness and profitability in the transcription industry.

The Looming Spaceport Bottleneck

SpaceDotBiz • 0 implied HN points • 31 Oct 23
🕹 Technology Space Regulations Infrastructure Commercial
  1. The increasing number of satellites in space has led to a high demand for launch services, causing a bottleneck in spaceport capacity.
  2. Building new spaceports in the US is challenging due to regulatory hurdles, land acquisition costs, and legal issues, leading to limited expansion attempts.
  3. One potential solution to spaceport congestion is exploring offshore launch options, as seen in examples from China and South Korea, to address the growing demand for launches.