Events listed in Banks
Inside FCA Podcast transcript interview on financial crime and fraud
ID 24755
The Financial Conduct Authority (FCA) has published a recent podcast interview with Emad Aladhal, leader of the FCA’s team „dedicated to reducing and preventing financial crime and fraud“. In this interview, Emad Aladhal (EA) highlights the FCA’s approach towards the fight of fraud and financial crime in the UK and sets out the expectations of firms in this context. **The following key points are ...
Agencies request comment on proposed rule to require large banks to maintain ...
ID 24754
On August 29, 2023, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FED), and the Federal Deposit Insurance Corporation (FDIC) (collectively referred to as the „agencies“ or „regulators“) jointly issued a notice of proposed rulemaking. **This proposal aims to mandate certain large depository institution holding companies, U.S. intermediate holding companies of foreign banking organizations ...
Regulators conclude consultation on revising OTC derivative Clearing Rules
ID 24753
In March 2023, the Securities and Futures Commission of Hong Kong (SFC) and the Hong Kong Monetary Authority (HKMA) launched a joint consultation on proposed revisions to the Securities and Futures (OTC Derivative Transactions – Clearing and Record Keeping Obligations and Designation of Central Counterparties) Rules in view of the global benchmark rate reform and the transitioning away from inter-bank offered rates (IBORs) to ...
Agencies propose guidance to enhance resolution planning at large banks
ID 24752
The Board of Governors of the Federal Reserve System (FED) and Federal Deposit Insurance Corporation (FDIC) have jointly published a press release to inform that they are launching consultations on a new Guidance for Resolution Plan Submissions of Domestic Triennial Full Filers and Guidance for Resolution Plan Submissions of Foreign Triennial Full Filers which are expected to provide comprehensive guidance to large (foreign) financial ...
Objęcie instytucji pożyczkowych nadzorem KNF
ID 24751
In view of the coming into force of several provisions of the Act of 6 October 2022 on amending laws to prevent usury, the Polish Financial Supervision Authority (KNF) has published a press statement. **Therein, the regulator reminds institutions engaged in consumer lending that starting from January 1, 2024, such institutions will fall under the oversight of the KNF which implies that they will ...
Acting Comptroller Issues Statements at FDIC Board Meeting on Proposals to Improve ...
ID 24750
The Office of the Comptroller of the Currency (OCC) has published various statements made by the Acting Comptroller of the OCC, Michael J. Hsu, on recently published drafts or „announcements of proposed rulemaking“ in which he expressed his strong support for the proposals. These rules aim to enhance financial stability and the ability to resolve large banks. Specifically, Mr. Hsu endorsed rules establishing a ...
Task Force on Enhancing Stock Market Liquidity established
ID 24749
The Hong Kong government has published a press statement to inform that it has officially established a Task Force on Enhancing Stock Market Liquidity under the chairmanship of Mr. Carlson Tong. The Task Force is comprised of members from the financial services sector, government officials, and key representatives from financial regulatory bodies and the Hong Kong Exchanges and Clearing Limited (a list is provided ...
Aufhebung der Anerkennung als Mindeststandard der „Zuteilungsrichtlinien für ...
ID 24747
Die FINMA hat einem Antrag der SSBVg zugestimmt, die Anerkennung ihrer Selbstregulierung „Zuteilungsrichtlinien für den Emissionsmarkt“ als Mindeststandard aufzuheben. Der SBVg beabsichtigt, diese Selbstregulierung künftig als freie Selbstregulierung anstelle eines verpflichtenden Mindeststandards fortzusetzen. Die Aufhebung der Anerkennung trat am 1. September 2023 in Kraft. Die „Zuteilungsrichtlinien für den Emissionsmarkt“ haben den Zweck, Fairness ...
Planning for net-zero transition (PDF File, 201.8 KB)
ID 24746
The Hong Kong Monetary Authority, HKMA, has issued a circular primarily addressed at banks operating in Hong Kong in connection with institutions‘ transition planning. Specifically, in the circular, the Authority provides some high level principles for banks to effectively plan and navigate the transition to a net-zero economy, while ensuring safety and soundness in their operations. The regulator finds such principles to be necessary, ...
FSMA press release regarding Binance
ID 24744
The FSMA has issued a press release regarding Binance’s recent decision. Binance has chosen to discontinue its services from a non-EEA country to its Belgian clients, offering them the option of transitioning to Binance Poland in compliance with Belgian law. The **FSMA has emphasized that client transfers to Binance Poland should be conducted through individual agreements with each client. For clients who decline this ...