In this week's The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman analyze the fallout from the historic failure of Silicon Valley Bank and deride a recent congressional hearing concerning the reporting of independent journalists Matt Taibbi and Michael Shellenberger on the Twitter Files.

0:52: Silicon Valley Bank collapse

26:30: President Joe Biden's budget proposal

34:22: Weekly Listener Question

41:02: House Democrats vs. Twitter Files journalists

45:52: This week's cultural recommendations

Audio production by Ian Keyser
Assistant production by Hunt Beaty
Music: "Angeline," by The Brothers Steve

Subscribe at YouTube: http://youtube.com/reasontv
Like us on Facebook: https://www.facebook.com/Reason.Magazine
Follow us on Twitter: https://twitter.com/reason
Visit the archive: https://reason.com/tags/reason-podcast

The Reason Roundtable

Yes, There Are Libertarians During Bank Runs

In this week's The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman consider the recent announcement from former President Donald Trump that he expects to be arrested this week in New York City.

0:32: Impending Trump indictment

17:05: The continued fallout from the banking system bailout

31:16: Weekly Listener Question

43:58: Another Twitter Files on how Stanford's Virality Project encouraged social media companies to police true information

51:57: This week's cultural recommendations

Audio production by Ian Keyser
Assistant production by Hunt Beaty
Music: "Angeline," by The Brothers Steve

Subscribe at YouTube: http://youtube.com/reasontv
Like us on Facebook: https://www.facebook.com/Reason.Magazine
Follow us on Twitter: https://twitter.com/reason
Visit the archive: https://reason.com/tags/reason-podcast

Of Course, the Trump Indictment Is Political

Government's public consultation on the exercise of national discretions under MICA
In this episode of Matheson Talks Financial Regulation, Ian O Mara, partner in the Financial Institutions Group and Claire Scannell, professional support lawyer to the Financial Intuitions Group consider the Irish Government's public consultation on the exercise of national discretions contained within the Markets in Crypto-Assets Regulation - MiCA and in particular, Matheson's submission to that consultation.

Irish Government's public consultation on the exercise of national discretions under MICA

In this episode of Matheson Talks Financial Regulation, Ian O Mara, partner in the Financial Institutions Group and Claire Scannell, professional support lawyer to the Financial Intuitions Group consider the proposal published by the European Commission in June this year for a third iteration of the Payment Services Directive – PSD 3 - aimed at modernising the legal and regulatory framework underpinning payments in the European Union. In particular, they address the background to the proposal, some of its key elements and what they could mean in practical terms, if carried through to the final text.

Proposal for a third Payment Services Directive – PSD 3

In this episode of Matheson Talks Financial Regulation, Ian O Mara, partner in the Financial Institutions Group and Claire Scannell, professional support lawyer to the Financial Intuitions Group consider the European Banking Authority's Guidelines on the use of Remote Customer On-boarding Solutions in connection with the 4th Money Laundering Directive and which apply from 2 October 2023. In particular, they address the scope of the Guidelines and what steps firms should take to implement the Guidelines.

EBA Guidelines on the use of Remote Customer On-boarding Solutions

In this week's The Reason Roundtable, Katherine Mangu-Ward is in the driver's seat, alongside Nick Gillespie and special guests Zach Weissmueller and Eric Boehm. The editors react to the latest plot twists in Donald Trump's various legal proceedings and the death of Russian opposition leader Alexei Navalny.

00:41—The trials of Donald Trump in Georgia and New York

25:04—Weekly Listener Question

33:23—Sora, a new AI video tool

43:55—The death of Alexei Navalny

49:58—This week's cultural recommendations

Send your questions to roundtable@reason.com. Be sure to include your social media handle and the correct pronunciation of your name.

Today's sponsor:

ZBiotics. Pre-Alcohol Probiotic Drink is the world's first genetically engineered probiotic. It was invented by Ph.D. scientists to tackle rough mornings after drinking. Here's how it works: When you drink, alcohol gets converted into a toxic byproduct in the gut. It's this byproduct, not dehydration, that's to blame for your rough next day. ZBiotics produces an enzyme to break this byproduct down. Just remember to make ZBiotics your first drink of the night and to drink responsibly, and you'll feel your best tomorrow. Go to zbiotics.com/roundtable to get 15 percent off your first order when you use code ROUNDTABLE at checkout. ZBiotics is backed with a 100 percent money-back guarantee, so if you're unsatisfied for any reason, they'll refund your money, no questions asked.

Audio production by Ian Keyser; assistant production by Hunt Beaty.

Music: "Angeline," by The Brothers Steve

Goodbye, Navalny

Luxembourg's updated 2024 Blockchain Bill IV seeks to promote financial innovation and strengthen its position as a European hub for blockchain technology. These amendments clarify the legal framework for the use of distributed ledger technology (DLT) and tokenised securities within finance, expanding their applicability to include equity securities. Furthermore, the bill introduces a control agent to oversee the issuance of dematerialized securities, ensuring transparency and security within the financial market. The inclusion of smart contracts in the DLT framework automates financial transactions, boosting efficiency and lowering costs. These changes aim to attract crypto firms and blockchain startups, fostering growth in these sectors while maintaining regulatory oversight.

Luxembourg’s Updated Blockchain Laws and Financial Regulations 2024

Today's guest is David Lowery, the legendary frontman of the bands Camper Van Beethoven and Cracker, digital copyright crusader, and longtime Reason reader.

He dives deep into his sprawling, deeply personal new record Fathers, Sons and Brothers and the postwar California dream, talks about how the music industry broke, and suggests ways to maybe, just maybe, fix it.

He's sued Spotify and other streaming services, teaches business at the University of Georgia, and he's dropped what might be the best one-liner about selling out since The Who.

If you care about music, creative freedom, and getting paid for your work, this one is for you.

Subscribe at YouTube: http://youtube.com/reasontv
Like us on Facebook: https://www.facebook.com/Reason.Magazine
Follow us on Twitter: https://twitter.com/reason
Visit the archive: https://reason.com/tags/reason-podcast


Streaming Music Isn’t a Free Market. It’s a Regulated Monopoly.

Today's guest is Richard E. Farley, author of Drop Dead, a history of how the richest city in America got addicted to spending, saturated in debt, and crashed the municipal bond market—and then managed to get a federal bailout in the nick of time.

In 1975, New York City almost went bankrupt. Farley argues that the same conditions are reemerging today: runaway budgets, gimmicky accounting, overpromised entitlements, and politicians more interested in ideology than arithmetic. He wrote all this before the rise of mayoral candidate Zohran Mamdani, who promises to blow spending through the roof, enact new taxes, and create masses of new regulations.

If you want to understand what it takes to bankrupt a city, listen up. New York might be sleepwalking into another fiscal disaster, and this time, there might not be a bailout waiting.

Subscribe at YouTube: http://youtube.com/reasontv
Like us on Facebook: https://www.facebook.com/Reason.Magazine
Follow us on Twitter: https://twitter.com/reason
Visit the archive: https://reason.com/tags/reason-podcast


Could New York Go Bankrupt Again?

How does a routine $258 transaction trigger global compliance alarms? In “$258 & Flagged: When Small Transactions Set Off Big Alarms,” we unravel how seemingly minor transfers can become high-stakes when Politically Exposed Person (PEP) regulations are involved. Discover how Guyana’s AML/CFT regime—steeped in international standards—demands enhanced due diligence for transactions linked to public officials, their families, and associates, regardless of the amount. This episode explains what qualifies someone as a PEP in Guyana, why all financial movements get scrutinized for risks of money laundering or corruption, and the extra checks applied to even small transactions. We cover record-keeping obligations, the need for source-of-funds verification, cross-border complexities, and the role of technology and compliance teams in spotting hidden risks. Tune in for practical insights into the real-world impact of PEP regulations—where even small sums can trigger large compliance actions—and guidance for financial professionals, compliance officers, and anyone navigating Guyana’s evolving financial landscape.


$258 & Flagged: When Small Transactions Set Off Big Alarms

Decentralised Insights for Crypto Enthusiasts and Blockchain Gamers

A seasoned former securities regulator and expert in Broker-Dealer Regulation, specializing in transforming risk and compliance programs for financial institutions. Experienced in leading multi-disciplinary teams in FinTech and RegTech advisory, focusing on payment fraud prevention using advanced technology and intelligence. Actively involved in pro-bono compliance services for nonprofits and mentorship programs for young professionals globally.

Founded in 1968, Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Our podcast offerings include:

The Reason Roundtable
Every Monday, the libertarian editors of the magazine of “Free Minds and Free Markets”—Matt Welch, Nick Gillespie, Katherine Mangu-Ward, and Peter Suderman—discuss and debate the week’s biggest stories and what fresh hell awaits us all.

The Reason Interview with Nick Gillespie
Want to know what comes next in politics, culture, and libertarian ideas? Reason’s Nick Gillespie hosts relentlessly interesting interviews with the activists, artists, authors, entrepreneurs, newsmakers, and politicians who are defining the 21st century.

The Soho Forum Debates
Reason presents a libertarian-themed debate series recorded monthly before a live audience in New York City. Moderated by former Barron's Economics Editor Gene Epstein, the Soho Forum features Nobel prize winners, radical thinkers, and other public intellectuals facing off over the future of bitcoin, veganism, sex work, illegal drugs, electric vehicles, abortion, robotics, government debt, and other controversial topics.

Matheson’s primary focus is on serving the Irish legal needs of international companies and financial institutions doing business in and through Ireland. Our clients include over half of the Fortune 100 companies. We also advise 7 of the top 10 global technology brands and over half of the world’s 50 largest banks. We are headquartered in Dublin and also have offices in Cork, London, New York, Palo Alto and San Francisco. More than 860 people work across our six offices, including 122 partners and tax principals and over 560 legal, tax and digital services professionals.

New tracks tagged #Financial Regulation