You don't see a problem with them threatening even their non-Libra business lines with "additional scrutiny"? The letter directly threatens malicious investigation.
>The letter directly threatens malicious investigation
Interesting word choice there. I saw nothing malicious in the statement that moving forward would result in elevated regulatory pressure. That is a regulator's job. If Libra took off, but could not be monitored through the existing regulatory infrastructure, then those organizations must do more to make up the lost ground to meet their mandate.
Regulators should not pressure a companies unrelated business lines to effect change elsewhere. If the company is doing something illegal then target that specific activity.
salawat|6 years ago
Interesting word choice there. I saw nothing malicious in the statement that moving forward would result in elevated regulatory pressure. That is a regulator's job. If Libra took off, but could not be monitored through the existing regulatory infrastructure, then those organizations must do more to make up the lost ground to meet their mandate.
So malice doesn't really come into it.
slededit|6 years ago