Hints and tips:
...Surely, by December 2022, when the US Public Company Accounting Oversight Board levied fines on KPMG’s UK and Colombian arms, for hundreds more incidents of cheating, the message would have got through....
...He even taught security management at the University of Johannesburg for a while before deciding that the land of his birth no longer valued his expertise....
...The former chief executive of DWAC was unceremoniously fired from his job in March 2023 and another businessman, one based in Puerto Rico, was installed....
...Blockchain is also the foundation for so-called Crypto Rico on Puerto Rico....
...One of the board members appointed by Ray helped restructure Eastman Kodak. Another is advising MBIA Insurance Corp on its exposure to Puerto Rico....
...Paradise, found For day-traders, Puerto Rico has it all: sunshine, sandy beaches, generous tax breaks — and now a communal workspace for those missing the chaos and camaraderie of the typical Wall Street...
...for more oversight and reforms....
...Feliciano, a native of Bayamón, Puerto Rico, came to the US in 1990 to study engineering at Princeton....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...Most DeFi protocols rely on centralisation, and some have a hidden centralised authority, the board of Iosco wrote in a report....
...Readers might be familiar with her work as head of the Puerto Rico oversight board. She was also floated as possible prime minister of Ukraine in 2016....
...(Wall Street Journal) Decentralised paradise For the crypto community lining Puerto Rico’s shores, the sunny weather and lush golf courses are just added bonuses next to the ultra-low tax rates....
...A native of Mayagüez, Puerto Rico, Bravo, aged 51, moved to Rhode Island in the late 1980s to study and play on the tennis team at Brown University....
...In early April, the company convened its new customer advisory board, composed of guests and business partners, in San Juan, Puerto Rico....
...A board overseeing Puerto Rico's finances reached a deal in February with Autonomy Capital, Aurelius Capital Management, GoldenTree Asset Management and other investors to slash $24bn from its debt burden...
...“The new and more favourable agreement is a win for Puerto Rico,” said the board’s chairman José Carrión in a statement....
...and picked fights with the Financial Oversight and Management Board — she is only seen as a caretaker....
...The oversight board was created as part of the Puerto Rico Oversight, Management and Economic Stability Act of 2016, or Promesa, which was designed to help the stricken statelet back to health....
...Financial Oversight and Management Board....
...Returning to Puerto Rico in the wake of disaster had a lasting effect on him....
...Unless I have this all wrong, too many people have too much at stake for the Federal Oversight Management Board to have the final say on how Puerto Rico is refinanced....
...(Nikkei Asian Review) Austerity by Aurelius A lawsuit brought by the hedge fund Aurelius Capital Management against Puerto Rico for repayment of its bonds has turned into a question about the US territory...
...On the Monday after Maria made landfall, devastating the US territory of Puerto Rico including its electricity network, cash orders from the island were up more than 800 per cent....
...There were bets on shipping companies, Puerto Rico, appraisal cases, oil and gas companies and, of course, PG&E....
...As for the board’s charge that Puerto Rico had exceeded its debt limit at the time of the bond’s offering, the manager responds that: “Very specific and detailed calculations were done of Puerto Rico’s ability...
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