Events listed in United States
SEC Approves Revised Privacy Act Rule
ID 25014
Following a corresponding consultation in February this year (EventID 19805), the U.S. Securities and Exchange Commission has now published its final amendments to the SEC’s so-called „Privacy Act Rule“ (17 CFR Part 200 – Subpart H) which stipulates requirements as to the access to and the provision and request of information that is held by the SEC about an individual. The final modifications will ...
Resolution Plans Required for Insured Depository Institutions With $100 Billion or ...
ID 25005
The Federal Deposit Insurance Corporation (FDIC) has launched and published in the Federal Register a consultation on proposed revisions to the resolution plan submission requirements of insured depository institutions (IDIs). The revisions would thereby include changes to the submission frequency, changes to the contents of the submission plans depending upon the size of an insured depository institution, and changes to the regulatory powers of ...
Treasury Releases Principles for Net-Zero Financing & Investment, Applauds ...
ID 25001
On September 19, 2023, the U.S. Department of the Treasury issued a press release to inform of the release of the first Principles for Net-Zero Financing & Investment, a set of best practices or guidelines aimed at private sector financial institutions committed to achieving net-zero emissions. These principles encourage consistency and credibility in implementing net-zero commitments and aim to ensure that financial institutions allocate ...
Guidance for Resolution Plan Submissions of Domestic Triennial Full Filers
ID 25000
As previously announced on September 19, 2023 (EventID 22850), the Board of Governors of the Federal Reserve System (FED) and Federal Deposit Insurance Corporation (FDIC) have now published in the Federal Register their proposed new Guidance for Resolution Plan Submissions of Domestic Triennial Full Filers which is intended to assist domestic banking organizations in developing their resolution plans as required under the Dodd-Frank Wall ...
Long-Term Debt Requirements for Large Bank Holding Companies, Certain Intermediate ...
ID 24999
As previously announced on August 29, 2023 (EventID 22852), 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“) have now published in the Federal Register **proposed rule amendments to require certain large depository institution holding companies, U.S. intermediate holding ...
Iran-related Designations and Designation Update; Non-Proliferation Designations ...
ID 24992
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added seven individuals and four entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations 31 CFR Part 544, 31 CFR Part 561, and Executive Order 13382 for being involved in the facilitation or support of ...
Guidance for Resolution Plan Submissions of Foreign Triennial Full Filers
ID 24990
As previously announced on September 19, 2023 (EventID 22850), the Board of Governors of the Federal Reserve System (FED) and Federal Deposit Insurance Corporation (FDIC) have now published in the Federal Register their proposed new Guidance for Resolution Plan Submissions of Foreign Triennial Full Filers which is intended to assist foreign banking organizations in developing their resolution plans as required under the Dodd-Frank Wall ...
National Bank Community Development Investments
ID 24986
The Office of the Comptroller of the Currency (OCC) has published in the Federal Register (FR) a final rule to modify Form CD–1—National Bank Community Development (Part 24) Investments under Statutory Instrument 12 CFR Part 24. The form needs to be used by (foreign) national banks, their subsidiaries, and national savings associations to provide an after-the-fact notice or to seek prior approval for public ...
Iran-related Designation and Designation update; Hostages and Wrongfully Detained ...
ID 24978
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures and about the implementation of a new „humanitarian channel Quatar“ which aims to facilitate humanitarian aid for Iran while upholding stringent measures against money laundering and misuse. This channel does not remove existing U.S. sanctions on Iran, which remain in place due to Iran’s involvement in ...
FinCEN Issues Compliance Guide to Help Small Businesses Report Beneficial Ownership ...
ID 24977
In view of the coming into force of the beneficial ownership reporting obligation of firms operating in the U.S. on January 1, 2024 (please see EventID 17480 for a detailed description of the upcoming requirements), the Financial Crimes Enforcement Network (FinCEN) has published several documents and even two videos to support small firms in their compliance with the new reporting and notification requirements. Specifically, ...