Events listed in United States
SEC Reopens Comment Period for Proposed Rule Amendments to Modernize Beneficial ...
ID 23055
The U.S. Securities and Exchange Commission (SEC) has published a press statement to announce the re-opening of its consultation on proposed amendments and additions to rules and regulations under the Securities Exchange Act of 1934 (17 CFR Part 240) primarily to enhance the reporting of beneficial ownership. The re-opening results from the availability of additional information as to the effects of the proposed enhanced ...
Federal Reserve Board announces the results from the review of the supervision and ...
ID 23049
On April 28, 2023, the Board of Governors of the Federal Reserve System (FED) issued a press statement to inform that Michael Barr, Vice Chairman for Supervision of the FED, has concluded its review of the causes of the recent failure of the Silicon Valley Bank (SVB). In a corresponding report published same day, Mr. Barr outlines the root causes of the failure and ...
Interagency Policy Statement on Allowances for Credit Losses (Revised April 2023)
ID 23028
Following the initial publication of a revised Interagency Policy Statement on Allowances for Credit Losses by the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (FED), the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) on the FED’s website on April 21, 2023, the statement was now published in the Federal ...
Information Notice – 4/27/23
ID 23017
The Financial Industry Regulatory Authority, FINRA, has published an Information Notice (Notice 04/27/23) to inform member firms of the availability of a new Options Disclosure Document (ODD). The document was created and updated by the Options Clearing Corporation and contains „general disclosures on the characteristics and risks of trading standardized options“. It thereby covers various issues, including the different types of options available to ...
Corrections in the Iranian Transactions and Sanctions Regulations and Western ...
ID 23014
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has published in the Federal Register a final regulation as regards amendments to the Iranian Transactions and Sanctions Regulations (31 CFR Part 560) and the Western Balkans Stabilization Regulations (31 CFR Part 588). The regulation primarily makes minor technical corrections to the existing sanction regulations such as the correction of ...
Hostages and Wrongfully Detained U.S. Nationals Designations; Counter Narcotics ...
ID 23011
The Office of Foreign Assets Control (OFAC) has published a press release informing about numerous new sanction measures. Specifically, the Office added ten individuals and 20 entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (Executive Order 14059 and Executive Order 14078) and altered the records of countless others. Due to the large number of affected ...
SEC’s Division of Investment Management to Host Inaugural Conference on Emerging ...
ID 22984
The Securities and Exchange Commission has published a press statement to inform of an upcoming event of its Division of Investment Management. Specifically, on May 19, 2023, beginning at 10:00 a.m. Eastern Time (ET), the Division will host a virtual Conference on Emerging Trends in Asset Management. Registration will be open through May 17, 2023 via this link; the agenda of the conference may ...
OCC Issues Guidance on Overdraft Protection Programs
ID 22980
The Office of the Comptroller of the Currency, OCC, has published a new Bulletin (OCC Bulletin 2023-12) to provide guidance to supervised institutions as to their overdraft management practices, particularly in view of certain provisions of the Consumer Financial Protection Act of 2010 and Federal Trade Commission Act which prohibit deceptive and unfair practices in the (financial) market. Specifically, the Bulletin – describes the ...
SR 23-2 / CA 23-3
ID 22979
In view of the upcoming termination of the remaining U.S. Dollar (USD) LIBOR tenors, various U.S. banking regulators or supervisory agencies, including the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Company (FDIC), the Board of Governors of the Federal Reserve System (FED), the National Credit Union Administration (NCUA), and the Consumer Financial Protection Bureau (CFPB), have issued a [Joint ...
FinCEN Fiscal Year 2022 in Review
ID 22976
The Financial Crimes Enforcement Network (FinCEN) has published its latest Year in Review Report (2022) which provides some key statistics on FinCEN’s supervisory and enforcement work as regards the prevention of money laundering (ML) and the financing of terrorism (FT). The report is intended to help stakeholders gain insights into the activities of FinCEN and into FinCEN’s use of suspicious activities reports (SARs) and ...