Events listed in United States
CFTC Staff Releases Request for Comment on the Impact of Affiliations of Certain ...
ID 23926
The staff of the Divisions of Market Oversight, Clearing and Risk, and Market Participants at the Commodity Futures Trading Commission (CFTC) have issued a request for comment to gather insights into potential issues arising from affiliations between CFTC-registered entities and market participants. This request focuses on the affiliations between derivatives clearing organizations (DCOs), designated contract markets (DCMs), or swap execution facilities (SEFs) with intermedia ...
Federal Reserve Board releases results of annual bank stress test, which ...
ID 23908
The Board of Governors of the Federal Reserve System (FED) has published the results of this year’s stress tests of large banks operating in the U.S (including subsidiaries of foreign banks). The test evaluated the resilience of in-scope institutions by assessing their capital levels, potential losses, revenue, and expenses under a hypothetical recession and financial market shock. In detail, the stress tests 2023 included ...
Large Trader Reporting Requirements
ID 23900
As previously agreed upon by members of the US Commodity Futures Trading Commission (CFTC) at the open meeting on June 7, 2023 (please see EventID 21565 for more information), the Commission is now launching a consultation on modifications to the large trader report under Statutory Instrument 17 CFR Part 17. In its newly published consultation document, the CFTC is suggesting to modernize the report ...
Notice of Proposed Order and Request for Comment on an Application for a Capital ...
ID 23899
The U.S. Commodity and Futures Trading Commission, CFTC, has published in the Federal Register a Notice of Proposed Order and Request for Comment on an application for a capital and financial reporting comparability determination“ for certain non-bank swap dealers (SDs) which was submitted by the International Swaps and Derivatives Association (ISDA), the Securities Industry and Financial Markets Association (SIFMA), and the *Institute of International ...
Treasury’s Federal Insurance Office Releases Report Assessing Climate-Related Risk, ...
ID 23891
The U.S. Department of the Treasury’s Federal Insurance Office (FIO) has released a report on the supervision and regulation of climate-related risks in the insurance industry. Specifically, the report, prompted by President Biden’s Executive Order 14030 on Climate-Related Financial Risk, examines the existing efforts and gaps in incorporating climate-related risk into state insurance regulation and supervision. While FIO acknowledges that the *National Associatio ...
Russia-related Designations and Designation Update; Publication of Africa Gold ...
ID 23887
The Office of Foreign Assets Control (OFAC) has published a press statement to inform about new sanction measures. Specifically, the Office added one individual and four entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to Executive Order 14024 which was signed by President Joseph Biden in 2021 and subsequently amended to install sanction measures for engagements in or being ...
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; ...
ID 23882
The U.S. Securities and Exchange Commission, SEC, has published a statement in the Federal Register to inform that it will take more time „to determine whether to approve or disapprove“ a proposed rule change by the Financial Industry Regulatory Authority, FINRA, as regards the addition of a new firm to its list of registered and permitted alternative display facilities setting out quotes for market ...
Cybersecurity: Cybersecurity Supervision Work Program
ID 23870
The Office of the Comptroller of the Currency, OCC, has published a so-called work program as regards cybersecurity supervision of OCC supervised institutions (foreign banking organizations, national banks, and federal savings associations). The work program is sort of a manual that provides instructions and guidance to OCC staff members in relation to the examination of the cybersecurity of in-scope institutions. The document covers various ...
SR-FINRA-2023-009
ID 23860
In view of the U.S. Securities and Exchange Commission’s intention to limit the proprietary trading exemption for U.S. brokers and dealers as regards the registration requirement with FINRA (please see EventID 16739 for more information), FINRA launched a consultation with member firms back in December 2022 in which it sought comments on its proposal to „exclude from FINRA’s Trading Activity Fee [TAF] transactions by ...
Russia-related Designations
ID 23848
The Office of Foreign Assets Control (OFAC) has published a press statement to inform about new sanction measures. Specifically, the Office added two individuals to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to Executive Order 14024 which was signed by President Joseph Biden in 2021 and subsequently amended to install sanction measures for engagements in or being responsible for „harmful ...