Events listed in United States
Mali Sanctions Regulations
ID 24575
As previously announced by the Office of Foreign Assets Control, OFAC (please see EventID 22399 in this context), the U.S. Department of the Treasury has now published in the Federal Register its final rule to replace Statutory Instrument 31 CFR Part 555 relating to sanction regulations with respect to Mali in its entirety. #### Background The statutory instrument was quickly implemented in abbreviated form ...
Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
ID 24571
Following the announcement of finalized regulation concerning the publication of information on cybersecurity incidents by public companies and on policies and procedures that firms have in place to manage related risks (please see EventID 22504 in this context for a detailed description of the final regulation), the Securities and Exchange Commission (SEC) has now published this final rule in the Federal Register. In brief, ...
Publication of Mali Sanctions Regulations
ID 24569
The Office of Foreign Assets Control, OFAC, has informed of a new regulation which entirely replaces Statutory Instrument 31 CFR Part 555, a sanctions regulation to set out the legal framework for sanctioning entities and persons that are engaged in any of the activities set out in Executive Order 13882 in relation to Mali. **The reissued Statutory Instrument includes additional interpretive guidance, definitions, general ...
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order ...
ID 24564
On August 4, 2023, the U.S. Securities and Exchange Commission (SEC) published in the Federal Register (FR) its decision to approve proposed rule changes requested by the Financial Industry Regulatory Authority (FINRA) to permit the holding of hearings before the Office of Hearing Officers (OHO) and the National Adjudicatory Council (NAC) via video conferences. Specifically, this measure was temporarily introduced during the COVID-19 pandemic ...
OCC Hosts Risk Governance and Capital Markets Workshops in Charlotte
ID 24555
The Office of the Comptroller of the Currency (OCC) has published a press statement to announce that it will be hosting two workshops on September 19 and September 20, 2023 in Charlotte, North Carolina, primarily addressed at directors, senior management, and key executives of national community banks and federal savings associations. **The first workshop entitled „Risk Governance: Improving Effectiveness“ takes place on September 19, ...
Russia-related Designations Updates and Designation Removal; Global Magnitsky ...
ID 24548
The Office of Foreign Assets Control (OFAC) has published a new press statement to inform about new sanction measures. Specifically, the Office removed one individual and one ship from its Specially Designated Nationals and Blocked Persons List (SDN List) which were previously sanctioned pursuant to Executive Order 14024 or 31 CFR Part 583, Global Magnitsky Sanctions Regulations. #### The deletions concern: SEEMAR, Satish, United ...
Quarterly Refunding Statement of Assistant Secretary for Financial Markets Josh ...
ID 24543
On August 2, 2023, the US Department of the Treasury (USDT) announced its projected financing needs and the tentative issuance schedule for U.S. government securities between August and October 2023, inclusive. The following graphic depicts the intended issuance sizes and maturities. Graphic 1 – Tentative Government Securities Issuance Schedule The USDT thereby also provides some further information for investors ...
Regulation A: Extensions of Credit by Federal Reserve Banks
ID 24541
The Board of Governors of the Federal Reserve System (FED) has made a publication in the Federal Register to announce the adoption of final amendments to its Regulation A to increase the rate for primary credit (overnight credit) at each Federal Reserve Bank. The secondary credit rate for those institutions not qualifying for the primary rate is thereby increased implicitly as well by a ...
Regulation D: Reserve Requirements of Depository Institutions
ID 24540
The Board of Governors of the Federal Reserve System (FED) has published in the Federal Register modifications to Regulation D – Reserve Requirements of Depository Institutions – with immediate effect to adjust the rate of interest on reserve balances (IROB) to 5.40 percent. The new rate represents a 0.25 percentage point increase from the prior level and is applicable to both required and excess ...
Bank Secrecy Act/Anti-Money Laundering: Updated Sections of the FFIEC BSA/AML ...
ID 24534
The Office of the Comptroller of the Currency, OCC, has published a press statement to announce that the Federal Financial Institutions Examination Council (FFIEC) – which is composed of members of the five banking regulators in the U.S. – has updated several parts of its Examination Manual on the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML). The affected sections are the following and ...