Events listed in United States
Iran-related Designations; Issuance of Iran-related General License
ID 23536
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures in connection with sanctions imposed on Iran. Specifically, the Office added two individuals and two entities to its Specially Designated Nationals and Blocked Persons List (SDN List) for their role in Iran’s censorship of the internet pursuant to existing sanction provisions under Executive Order 13846. The ...
Exemption From Certain Prohibited Transaction Restrictions Involving UBS AG (UBS) ...
ID 23533
The Employee Benefits Security Administration, EBSA, of the U.S. Department of Labor (DOL) published in the Federal Register its [final Prohibited Transaction Exemption (PTE)*](https://www.federalregister.gov/documents/2023/06/02/2023-11864/exemption-from-certain-prohibited-transaction-restrictions-involving-ubs-ag-ubs-and-credit-suisse) in relation to UBS AG and Credit Suisse Group AG (CSGG). The PTE will be valid for one year following the merger of the two institutions and ...
Counter Terrorism Designations; Sudan Designations; Russia-related Designation ...
ID 23528
The Office of Foreign Assets Control ( OFAC) has published a press release to inform about various new sanction measures. Specifically, the Office added five individuals and five 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 14098) for their engagement in terrorist activities or ...
Agencies request comment on quality control standards for automated valuation ...
ID 23526
Several U.S. banking regulators, including the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the National Credit Union Administration, and the Office of the Comptroller of the Currency, have announced an upcoming consultation as regards the use of automated valuation models (AVMs) in assessing the value of collaterals involving ...
CFTC Seeks Public Comment on the Risk Management Program Requirements for Swap ...
ID 23508
The Commodity Futures Trading Commission, CFTC, has announced an upcoming so-called advanced notice of proposed rulemaking (ANPRM) as regards risk management requirements of swap dealers (SDs) and future commission merchants (FCMs) many of which are major Wall Street banks or prudentially-regulated institutions. **The ANPRM calls for public input and feedback on various aspects of the current risk management rules and regulations for SDs and ...
Regulatory Notice 23-10
ID 23496
The Financial Industry Regulatory Authority, FINRA, has launched a new consultation pertaining to the reporting of the so-called Rule 605 reports which market centers have to publish on a monthly basis to inform of their order execution activity. The reports thereby summarize monthly trading activity in NMS stocks. The reports must be made publicly available in an electronic format on market center dedicated website ...
Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)
ID 23493
The Bureau of Consumer Financial Protection has published in the Federal Register (FR) its final rule amendments to Statutory Instrument 12 CFR Part 1002 regarding the reporting under the Equal Credit Opportunity Act. The final rules are accompanied by the feedback the Bureau has received from commenters on the Bureau’s corresponding consultation that was launched in October 2021. According to the finalized document, the ...
Issuance of Russia-related General License
ID 23482
The Office of Foreign Assets Control, OFAC, has issued a new General License (GL 69) to permit otherwise prohibited financial transactions due to sanction measures imposed on the Russian Federation pursuant to Executive Order 14024. Specifically, GL 69 permits financial transactions in relation to payments of interest or principal of debt securities issued by the International Investment Bank provided that such payments are not ...
OCC Issues Third and Fourth Quarter 2023 CRA Evaluation Schedule
ID 23464
The Office of the Comptroller of the Currency (OCC) has published a press statement announcing its Community Reinvestment Act (CRA) examination schedule for third quarter 2023 and fourth quarter 2023 banks evaluations. The attached file includes the list of institutions and the respective evaluation months.
Counter Narcotics Designations; Syria Designations
ID 23452
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office announced that it has added several individuals and entities to its Specially Designated Nationals and Blocked Persons List (SDN List) for being engaged in the production of equipment needed for producing fentanyl and other illegal drugs pursuant to Executive Order 14059 or for ...