Events listed in Banks
Community Reinvestment Act Regulations Asset-Size Thresholds
ID 26409
As previously announced by the Office of the Comptroller of the Currency (EventID 24582), the Board of Governors of the Federal Reserve System (FED) and the Federal Deposit Insurance Corporation (FDIC) have now published in the Federal Register the yearly adjustment of the asset size thresholds to be classified as „small“ and „intermediate small“ institutions for 2024**. These categories are used (a) by regulatory ...
FINMA-Aufsichtsmitteilung 08/2023
ID 26407
Die FINMA hat eine Aufsichtsmitteilung zu Staking-Dienstleistungen veröffentlicht. Ziel ist es, Kunden vor Insolvenzrisiken zu schützen, insbesondere im Zusammenhang mit gestakten kryptobasierten Vermögenswerten. Die Mitteilung zielt darauf ab, rechtliche Unsicherheiten hinsichtlich der Verwahrung von gestakten Vermögenswerten zu klären. Ein Schwerpunkt liegt auf der Forderung, diese Vermögenswerte jederzeit für Kunden verfügbar zu halten, um im Falle einer Insolvenz ausreich ...
FINMA-Aufsichtsmitteilung zur FinfraV: Weitere Erstreckung der Übergangsfrist für ...
ID 26406
Die FINMA hat beschlossen, die Übergangsfrist für die Verpflichtung zum Austausch von Sicherheiten für nicht zentral abgerechnete OTC-Derivatgeschäfte, insbesondere Optionen auf einzelne Aktien oder Indexoptionen, zu verlängern. Diese Verlängerung erfolgt aufgrund von Rechtsentwicklungen in wichtigen Finanzplätzen wie der EU und dem Vereinigten Königreich, die ihre Übergangsfristen für den Sicherheitenaustausch bei Aktienoptionen um mindestens zwei Jahre verlängert haben. Die ...
The EBA updates the Guidelines on the specification and disclosure of systemic ...
ID 26405
EBA has updated its Guidelines on the specification and disclosure of systemic importance indicators. These guidelines are applicable to the largest institutions in the EU with a leverage ratio exposure measure exceeding EUR 200 billion. The update includes changes and clarifications related to indicators relevant for the identification process of G-SIIs. The guidelines aim to align with internationally agreed standards developed by the **BCBS ...
Russian Oil Services ban
ID 26403
The HM Treasury has published a revised version of its Russian Oil Services Ban industry guidance that was created by the Treasury itself or better its Office of Financial Sanctions Implementation (OFSI) to assist firms in their compliance with implemented sanction measures targeting the Russian Federation. Specifically, the guidance deals with the imposed ban on the import of Russian oil and petroleum (products) and ...
OFSI General Licence – INT/2023/3749168
ID 26402
The UK government has updated its license under the Counter-Terrorism (International Sanctions) (EU Exit) Regulations 2019 (“the CT2 Regulations 2019”) which permits otherwise prohibited (financial) transactions for the purpose of allowing the United Nations and other non-government organisations to provide humanitarian aid in connection with the Israel-Palestinian conflict. Specifically, the license permits the processing of any funds or other economic resources whenever nec ...
Commission Regulation (EU) 2023/2822 as regards International Accounting Standard 1
ID 26401
Commission Regulation (EU) 2023/2822 with respect to the applicability of international accounting standards has been published in the Official Journal (OJ) of the EU. The regulation modifies Commission Regulation (EU) 2023/1803 which sets out the international accounting standards to be applied by public companies in accordance with Regulation (EC) No 1606/2002 by revising the International Accounting Standard 1 (IAS 1) which provides standards for ...
Shortening the settlement cycle
ID 26398
EFAMA supports a timely transition to a T+1 settlement cycle for Europe in response to the ESMA Call for Evidence (eventid=23184). EFAMA acknowledges the imminent move to T1 in the US (eventid=19797, eventid=24191) and emphasizes the need for a dynamic roadmap that can be adapted based on lessons learned from the US migration. The document highlights the **potential impacts of moving to T+1 or ...
CP28/23 – Leverage ratio treatment of omnibus accounts and other minor corrections ...
ID 26397
The Prudential Regulation Authority (PRA) has launched a new consultation (CP28/23) on the exclusion of omnibus account balances from reserve requirements and various minor amendments to the leverage ratio reporting framework. Specifically, the PRA proposes three key measures: (1) Excluding reserves held on omnibus accounts from the leverage ratio calculation: The PRA proposes to exclude reserves held on omnibus accounts from the leverage ratio ...
Update Q&A en Good Practice Informatiebeveiliging: de belangrijkste wijzigingen
ID 26393
DNB has released updated Q&A and Good Practice Information Security 2023 on Open Book Supervision. The Good Practice provides supervised institutions with current guidelines and control measures to comply with legal requirements, ensuring the continuous availability, integrity, confidentiality, and authenticity of automated data processing. The update is motivated by DNB’s findings in supervision investigations and the TIBER program, where they encountered effectiv ...