Events listed in United States
CFTC’s Division of Clearing and Risk Issues Staff Advisory on the Risks Associated ...
ID 23451
The Commodity Futures Trading Commission, CFTC, has published a press statement in which it announces that its Division of Clearing and Risk (DCR) has issued a new advisory as regards Derivatives Clearing Organizations (DCOs) that aim to expand their product offerings and business lines, particularly in relation to digital assets. As the Division has noticed an increased interest in this context, it wants to ...
Liquidity: Updated Comptroller’s Handbook Booklet and Rescissions
ID 23423
The Office of the Comptroller of the Currency (OCC) has published a revised ‚Liquidity‘ booklet. This booklet focuses on identifying and analyzing liquidity risk of (covered) institutions and provides methods to assess the quality of liquidity risk management. The revised version mainly (1) describes liquidity risk in general, its importance to a bank’s operations, and methods for sound liquidity risk management; (2) includes regulatory ...
Russia-related Designation; Counter Narcotics Designations Removals
ID 23413
The Office of Foreign Assets Control, OFAC, has published a press statement to announce new sanction measures based on Executive Order 14024. Specifically, the following individual has been added to OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List) for its engagement in the Wagner Group. The man is now subject to asset freezing measures: MASLOV, Ivan Aleksandrovich (Cyrillic: МАСЛОВ, ИВАН АЛЕКСАНДРОВИЧ) (a.k.a. ...
U.S. Department of the Treasury Kicks Off Public-Private Executive Steering Group ...
ID 23409
The U.S. Department of the Treasury has published a press statement to announce the launch of the so-called Cloud Executive Steering Group (CESG), a public-private partnership focused on enhancing regulatory and private sector cooperation in matters concerning cloud services. The CESG aims to address challenges related to the increasing adoption of cloud services in the financial sector. It will report to the Financial Stability ...
OCC Revises Bank Enforcement Manual to Address Actions Against Banks with ...
ID 23404
The Office of the Comptroller of the Currency, OCC, has published a revised Policy and Procedures Manual (PPM 5310-3) as regards enforcement actions with respect to supervised institutions. The manual generally describes (1) the various types of enforcement action the OCC may take such as the issue of cease and desist orders or the implementation of „capital directives“; (2) the factors the OCC will ...
Counter Terrorism Designations; Somalia Designations
ID 23375
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added 24 individuals and 7 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 13536) for their support of or ties to terrorist organization Al-Shabaab. ...
North Korea Designations; Issuance of Venezuela-related General License
ID 23355
The Office of Foreign Assets Control (OFAC) has published a press release informing 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 existing sanction regulations, Executive Order 13810 and Executive Order 13687. The parties are sanctioned due to them being entities and persons of the Democratic People’s ...
Special Assessments Pursuant to Systemic Risk Determination
ID 23352
**In view of the recent failures of the Silicon Valley Bank (SVB) in Santa Clara, CA, and Signature Bank (SB) in New York, NY, the Federal Deposit Insurance Corporation (FDIC) has published in the Federal Register a proposed regulation that aims to recover the losses incurred by the Deposit Insurance Fund (DIF) when safeguarding uninsured depositors of the two failing institutions in accordance with ...
Acting Comptroller Issues Statement in Support of FDIC Notice of Proposed ...
ID 23351
The Office of the Comptroller of the Currency, OCC, has published a statement as regards the proposed new rule of the Federal Deposit Insurance Corporation (FDIC) which seeks to impose additional levies on the uninsured deposits of financial institutions for the period of two years to recover the losses to the Deposit Insurance Fund (DIF) caused by the failures of the Silicon Valley Bank ...
Supplemental Alert: FinCEN and the U.S. Department of Commerce’s Bureau of Industry ...
ID 23333
The Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) have issued a joint alert to provide guidance to financial institutions regarding possible trade restriction evasion attempts by entities of the Russian Federation and Belarus following the occupation of Crimea and the invasion of the Ukraine by Russian military and the subsequent imposition of sanction measures. ...