Massive data breach impacts biggest US public pension funds
The personal information of about 769,000 retired CalPERS members was exposed in a third-party data breach that was reported earlier...
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Opinion | Why California’s Public Employee Pension Funds Should Divest From Fossil Fuels
Senate Bill 252, which requires California’s two large public employee pensions funds, CalPERS and CalSTRS, to divest from the 100...
CalPERS to increase venture capital investments despite tech turmoil
California's giant public pension fund is looking to increase its venture capital exposure in the coming months, despite a swoon...
The U.S. Is Preparing To Put Billions Into High-Speed Rail
Brightline's planned Las Vegas to Los Angeles railway could be the first true high-speed train in the U.S., running at...
Innovations in Payments: Regulation, Infrastructure, and Opportunities
Much is written about revolutionary developments in payments, but the reality of progress in such a complex area is that...
UK Regulator Targets Client Money Protections in Priorities for Payments Firms
On March 16, 2023, the UK Financial Conduct Authority (the FCA) published a letter1 to the CEOs of UK electronic money...
US government moves to stop potential banking crisis
NEW YORK (AP) — The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic...
FinCEN Issues ‘First-of-its-Kind’ Order Against Crypto Asset Exchange Linked to Illicit Russian Activity
On January 18, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) designated Bitzlato Limited (Bitzlato), a crypto asset...
Chair of California reparations panel pushes for a wealth tax to pay descendants of slaves
The chair of California's reparations panel is apparently pushing for a wealth tax, mansion tax or a property tax to...
Increased Scrutiny in the U.S. and the UK on the Financial Activity of Russian Oligarchs
As the war in Ukraine rages on, recent advisories from financial crime agencies in the United States and the United...
