Events listed in United States
Counter Terrorism Designation Removal
ID 24831
The Office of Foreign Assets Control (OFAC) has published a press release to inform about a new sanction measure. Specifically, the Office removed one vessel from its SDN list that was previously placed on the list in connection with global terrorism pursuant to 31 CFR Part 594. The affected ship is the following: **FLYING DRAGON Pleasure Craft Malta flag; Vessel Registration Identification IMO 9752216; ...
SEC Directs Equity Exchanges and FINRA to Improve Governance of Market Data Plans
ID 24804
The Securities and Exchange Commission (SEC) has published a press statement in which it informs of an upcoming order to direct specified authorized exchanges and FINRA, the Financial Industry Regulatory Authority, to resubmit a new national market system plan (NMS plan) to replace three existing plans governing the dissemination of real-time consolidated equity market data for national market system stocks. This directive comes as ...
Regulatory Capital Rule: Risk-Based Capital Surcharges for Global Systemically ...
ID 24801
As announced by the Board of Governors of the Federal Reserve System (FED) on July 27, 2023, the FED has now published in the Federal Register its consultation on the proposed adjustments to the calculation of the capital surcharge for the largest and most complex banks. The changes would better align the surcharge to each bank’s systemic risk profile, in particular by measuring a ...
North Korea Designations
ID 24791
The Office of Foreign Assets Control (OFAC) has published a press release informing about new sanction measures. Specifically, the Office added two individuals and one entity to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations, namely Executive Order 13687. The parties are sanctioned due to them „supporting the Democratic People’s Republic of Korea’s Weapons of Mass Destruction ...
READOUT: FinCEN Hosts Public-Private Dialogue on Countering the DPRK’s ...
ID 24778
The Financial Crimes Enforcement Network (FinCEN) has published a press statement to inform about its recently hosted FinCEN Exchange and to encourage financial institutions of all kinds (banks, payment service providers, virtual asset dealers / brokers / platforms, investment firms, brokers, (private equity) fund managers etc.) to participate in the Exchange. Specifically, this recent meeting primarily focused on countering the misuse of the digital ...
SR-FINRA-2023-011
ID 24772
The Financial Industry Regulatory Authority (FINRA) has published on its website a proposal to „amend“ FINRA Rule 4210 to extend to May 22, 2024 the implementation date of margin requirements on the following security transactions: (a) To Be Announced (TBA) transactions; (b) Adjustable rate mortgage (ARM) transactions: (c) Specified Pool Transactions; and (d) Collateralized Mortgage Obligations (CMOs). The imposition of such obligations was originally ...
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order ...
ID 24769
The U.S. Securities and Exchange Commission (SEC) published in the Federal Register an order approving proposed amendments to Rule 6220 of the Financial Industry Regulatory Authority (FINRA) in connection with the addition of a new firm, namely IntelligentCross ATS (IntelligentCross), to the list of registered and permitted alternative display facilities setting out quotes for market participants on NMS stock. Having reviewed the argumentation of ...
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 ...
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 ...
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 ...