Events listed in United States
Federal Reserve Board releases results of survey of senior financial officers at ...
ID 24518
Following the semi-annual survey among senior financial officers at banks about their strategies and practices for managing reserve balances between May 5, 2023 and May 19, 2023, the Board of Governors of the Federal Reserve System (FED) has now published the results. The survey helps the regulator to gain an understanding of deposit pricing and behavior, bank liability management, the provision of financial services, ...
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order ...
ID 24503
The U.S. Securities and Exchange Commission (SEC) has published in the Federal Register its decision of approval of a proposed rule amendment by the Financial Industry Regulatory Authority (FINRA) which the Commission had previously approved already, but for which there was a request for review. The rule modification procedure was subsequently put on hold. **Specifically, the SEC has now finally approved FINRA Rule 4210 ...
Counter Terrorism Designations and Designation Update; Balkans-related Designations
ID 24492
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added numerous individuals and entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (31 CFR Part 594, Executive Order 13224, and Executive Order 14033) in connection with global terrorism and peace and stability in Bosnia ...
Derivatives Clearing Organizations Recovery and Orderly Wind-Down Plans; ...
ID 24475
Following an announcement by the US Commodity Futures Trading Commission (CFTC) in June this year (please see EventID 21565 in this context), the Commission has now published in the Federal Register its proposed rule amendments to Statutory Instrument 17 CFR Part 39 as regards recovery and orderly wind-down plans of systemically important derivatives clearing organizations (SIDCOs) and other Subpart C derivative clearing organizations (DCOs) ...
Introduction to OFAC Video Series
ID 24462
The Office of Foreign Assets Control, OFAC, has issued a press release in which it announces an upcoming video series relating to U.S. sanctions. According to an enclosed blog, the series is primarily addressed at financial institutions and other private sector entities to emphasize the importance of financial sanctions in supporting U.S. foreign policy and national security objectives and the private sector’s crucial role ...
Venezuela-related Designations Removals; Global Magnitsky Designation Update
ID 24456
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office removed four persons from its ‚Specially Designated Nationals and Blocked Persons List‘ (SDN List) which were previously sanctioned pursuant to Executive Order 13850 or Executive Order 13692 in connection with the combatting of corruption within the government of Venezuela and the fight against ...
FSOC Staff Committee Releases Progress Report on Interagency Efforts on ...
ID 24449
The Climate-related Financial Risk Committee (CFRC) of the Financial Stability Oversight Council (FSOC) has published a first staff progress report which outlines ongoing activities, including regulatory ones, as regards the assessment, management, and disclosures of climate-related financial risks of both U.S. businesses and regulatory authorities. The staff progress report follows a first Report on Climate-Related Financial Risk in October 2021 which contained a number ...
Agencies update guidance on liquidity risks and contingency planning
ID 24441
The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Board of Governors of the Federal Reserve have jointly updated their Interagency Policy Statement on Funding and Liquidity Risk Management primarily to emphasize the need to regularly update financial institutions‘ contingency plans and liquidity risk management policies. In their joint [press ...
Semiannual Regulatory Flexibility Agenda
ID 24434
The Board of Governors of the Federal Reserve System (FED) has published in the Federal Register its Spring 2023 regulatory agenda. The agenda outlines all – at the time known – regulatory issues and actions that the Board will consider for the upcoming 6 months which is – in this case – the period from May 2023 through October 2023. Each issue and action ...
Federal Reserve Board announces the individual capital requirements for all large ...
ID 24426
Following the results of recently conducted stress tests, the Board of Governors of the Federal Reserve System (FED) announced the new capital requirements of large institutions in the U.S., which are those institutions with total consolidated assets of more than $100 billion. These capital requirements include a) a tier one minimum capital buffer of 4.5% for all institutions; b) an individual capital buffer based ...