Events listed in Banks
Tentative issuance schedule for Exchange Fund Bills and Notes
ID 24636
The Hong Kong Monetary Authority (HKMA) has published a press release to announce its new tentative issuance schedule for „Exchange Fund Bills and Notes (EFBNs)“. The schedule covers the period from October 1, 2023 through December 31, 2023 and sets out the tentative tender and issuance dates, the respective issuance sizes, and the tenors of the instruments. The schedule is tentative only which means ...
FCA analysis reveals there are fewer than 1 million interest-only mortgages ...
ID 24635
The Financial Conduct Authority, FCA, has published the findings from an analysis of outstanding UK mortgage loans, particularly in terms of the structure of these loans as to interest only loans, part-and-part loans, or principal and interest payments loans, the maturity of such loans, or key characteristics of such loans and their borrowers. In its latest Research Note, the FCA illustrates these findings, thereby ...
Counter Terrorism Designation Update; Iran-related Designations Updates
ID 24634
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically on August 15, 2023, the Office modified the records of an already sanctioned person and an already sanctioned entity which are designated pursuant to Statutory Instrument 31 CFR Part 594, the Global Terrorism Sanctions Regulation, and Statutory Instrument 31 CFR Part 561, the *Iranian Financial ...
Accounting: Bank Accounting Advisory Series Updated
ID 24633
The Office of the Comptroller of the Currency (OCC) has published a revised version of the „Bank Accounting Advisory Series“ which is a set of frequently asked questions (FAQs) relating to accounting issues of banks. The FAQs thereby cover issues ranging from the accounting for unrealized gains and losses of banks‘ investments, to the accounting for restructured loan agreements, to the accounting for life ...
OFAC to retire PIP, DEL, and SDALL.ZIP file formats of the sanctions list on or ...
ID 24632
The Office of Foreign Assets Control, OFAC, has published a press statement to announce that it is delaying the retirement of several of its sanction list file formats from August 15, 2023 to the week of September 18, 2023. Thereafter, these formats will no longer be available. The affected file formats are listed in below noted table: *Table 1 – File Formats that will ...
Rundschreiben 07/2023 (GW)
ID 24631
Die BaFin veröffentlicht das Rundschreiben 07/2023 (GW) betreffend Drittstaaten, die in ihren Systemen zur Bekämpfung von Geldwäsche und Terrorismusfinanzierung strategische Mängel aufweisen, die wesentliche Risiken für das internationale Finanzsystem darstellen (Hochrisiko-Staaten). Die Europäische Kommission hat gemäß dem Artikels 9 der Vierten Geldwäscherichtlinie (EU) 2015/849 mit der Delegierten Verordnung (EU) 2016/1675, die zuletzt durch die Delegierte Verordnung (EU) ...
Government Approves Partial Revision Bill of the Enforcement Decree of the Banking ...
ID 24630
The FSC has annouced that the partial revision bill of the Enforcement Decree of the Banking Act was approved by the government. This means that it is outlined when a bank needs authorization from the FSC in case it decides to „close down or transfers or acquires a ‚major part‘ of its business operation“. Major part means businesses that make up at least 10% ...
FAQs on Licensing and Business Conduct (Other than for Fund Management Companies)
ID 24629
The Monetary Authority of Singapore, MAS, has published updated frequently asked questions (FAQs) on the licensing and business conduct of financial market participants other than fund management companies. The FAQs provide guidance to numerous market participants, including venture capital funds, investment trusts, exempt OTC derivatives brokers, and certain (other) Capital Market Service (CMS) license holders with respect to the scope of a CMS license, ...
Stellungnahme zum Legislativvorschlag der EU-Kommission zum digitalen Euro
ID 24627
Die DK hat eine ausführliche Stellungnahme zum Legislativvorschlag der Europäischen Kommission in Bezug auf den digitalen Euro (eventid=21754) veröffentlicht. In der Stellungnahme werden grundlegende Fragen bezüglich des digitalen Euros diskutiert, um mögliche negative Auswirkungen auf Wirtschaft und Gesellschaft zu vermeiden und die Akzeptanz in der Gesellschaft sicherzustellen. Die DK betont, dass die Einführung des digitalen Euros erhebliche Auswirkungen auf Wirtschaft, Ge ...
Joint announcement of the China Securities Regulatory Commission and the Hong Kong ...
ID 24626
The Securities and Futures Commission of Hong Kong (SFC) and the China Securities Regulatory Commission (CSRC) have published a joint statement in which both regulators inform that they have come to an agreement regarding the incorporation of block trading (manual trades) within the existing mutual stock market access framework connecting Mainland China and Hong Kong, commonly known as Stock Connect. This initiative aims to ...