Events listed in Banks
Counter Terrorism Designations
ID 26592
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added one individual and three entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (31 CFR Part 594 and Executive Order 13224) for their engagement in or the financing of „Houthi attacks on international shipping“. ...
Real Decreto 1180/2023 sobre sistemas de indemnización de los inversores, y de ...
ID 26591
The Royal Decree 1180/2023, enacted on December 27, 2023, brings about several adjustments to the Spanish financial regulatory framework, primarily focusing on modifications to the Investment Guarantee Fund (FOGAIN) and the implementing regulations for Law 35/2003 on collective investment schemes. The amendments aim to enhance the efficiency, competitiveness, and stability of the financial sector, aligning it with European directives while addressing specific challenges withi ...
Entwurf eines Zweiten Gesetzes zur Reform des ...
ID 26589
Das BMJ hat einen Referentenentwurf zur Reform des Kapitalanleger-Musterverfahrensgesetzes (KapMuG) veröffentlicht. Der Referentenentwurf überarbeitet das zeitlich begrenzte KapMuG und optimiert die Anforderungen im Umgang mit Massenverfahren im Kapitalmarktrecht. Der Referentenentwurf, zielt darauf ab, den Massenverfahrensablauf zu straffen, indem das Verhältnis zwischen den Prozessgerichten und dem OLG neu definiert wird. Das OLG soll künftig eine zentralere Rolle einnehmen ...
Rules of Practice and Procedure
ID 26588
Following a corresponding consultation in April 2022 (EventID 15456), the Board of Governors of the Federal Reserve System (FED), the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) have now published in the Federal Register their **final rule regarding the modernization of their rules and regulations to account for developments in ...
Haiti Sanctions: guidance
ID 26587
The UK government has published an updated version of its Haiti sanctions guidance relating to sanction measures imposed on Haiti pursuant to the Haiti (Sanctions) Regulations 2022 (SI 2022/1281). With this guidance, the government aims to support firms in their efforts to comply with the instrument and related sanction provisions. The guidance thereby covers numerous issues, ranging from the purpose and scope of the ...
List of non-legal corrections and clarifications in the FCA Handbook
ID 26583
The Financial Conduct Authority (FCA) has published an updated version of its List of non-legal corrections and clarifications in the FCA Handbook which contains changes the regulator has recently made to its Handbook which were NOT outlined in any corresponding instrument. The modifications are technical in nature, including corrections and adjustments primarily for clarification, correction, and regulatory alignment purposes. They do NOT alter current ...
New consolidated version: Council Regulation (EC) No 314/2004 concerning ...
ID 26580
A new consolidated version of Council Regulation (EC) No 314/2004 „concerning restrictive measures in view of the situation in Zimbabwe“ was published in the Official Journal (OJ) of the EU. This consolidated version includes the modifications made by Council Regulation (EU) 2023/2694 which inserted a new Article 7a to provide a derogation from the terms and regulations on the freezing of funds or the ...
Agency Information Collection Activities: Announcement of Board Approval Under ...
ID 26579
The Board of Governors of the Federal Reserve System (FED) has published in the Federal Register its final approval to extend – with revisions – its filing requirement (Form FR 2590) under its „single-counterparty credit limit rule (SCCL rule)“ which sets limits to the level of exposure large domestic and foreign banks can have to another counterparty. Specifically, the form has to be filed ...
Duty calls: Future-proofing finance for everyone
ID 26578
The Financial Conduct Authority (FCA) has provided an update on its key achievements and milestones reached over the past year, highlighting a range of initiatives and actions aimed at improving consumer protection, tackling online harms, and promoting competition and positive change in the financial services sector. The key achievements and milestones are briefly described below; for all of them, please refer to the original ...
Antizyklischer Kapitalpuffer
ID 26577
Die BaFin bestätigt zum vierten Quartal 2023 die Beibehaltung der Quote des inländischen antizyklischen Kapitalpuffers, der mit der Allgemeinverfügung vom 31.01.2022 auf 0,75% des nach Artikel 92 Absatz 3 der Verordnung (EU) Nr. 575/2013 ermittelten Gesamtforderungsbetrags festgelegt wurde. Die Festlegung der Pufferanforderungen basiert auf der Analyse verschiedener Indikatoren, einschließlich der Entwicklung der Kreditlücke im Verhältnis zum BIP, unterstützender Indikatoren ...