Events listed in United States
Treasury Department Announces 2023 De-Risking Strategy
ID 22970
The U.S. Department of the Treasury (USDT) has published its so-called Derisking Strategy which primarily includes recommendations for supervisory authorities of financial institutions such as FinCEN, the Financial Crimes Enforcement Network, or FFIEC, the Federal Financial Institutions Examination Council, so as to de-motivate and de-incentivize the practice of derisking in the financial market. The key recommendations are briefly described below, following a brief descripti ...
US Department of Labor issues Field Assistance Bulletin for multiemployer plans ...
ID 22964
On April 25, 2023, the U.S. Department of Labor (DOL) published a press release to inform that its Employee Benefits Security Administration (EBSA) has issued a new Field Assistance Bulletin 2023-01 which contains frequently asked questions (FAQs) on the „annual funding notice requirements for multiemployer pension plans that received special financial assistance under the American Rescue Plan Act“. To recall, the Act was concluded ...
SR-FINRA-2023-008
ID 22955
On April 25, 2023, the Financial Industry Regulatory Authority, FINRA, published on its website a press release to inform that it has filed with the U.S. Securities and Exchange Commission (SEC) a proposed rule change, SR-FINRA-2023-008, to make revisions to various FINRA rules to permit the holding of hearings before the Office of Hearing Officers (OHO) and the National Adjudicatory Council (NAC) via video ...
Iran-related Designations; North Korea Designations; Non-Proliferation Designation
ID 22940
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures in connection with sanctions imposed on North Korea and on Iran. Specifically, the Office added eight individuals to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations Executive Order 13846, Executive Order 13382, Executive Order 13553, and Executive Order 13722 ...
Fair Housing Rule, Consumer Protection in Sales of Insurance Rule; Technical ...
ID 22914
The Federal Deposit Insurance Corporation (FDIC) has published in the Federal Register a final rule to make a rather technical correction to its Fair Housing Rule under 12 CFR Part 338. The Fair Housing Rule stipulates disclosure and recordkeeping obligations of banks and savings associations engaged in real estate loan lending activities. Specifically, it requires, among other things, to disclose to clients on the ...
Current Expected Credit Losses: Interagency Policy Statement on Allowances for ...
ID 22913
On April 21, 2023, the Office of the Comptroller of the Currency (OCC) published a press statement to inform that the the Board of Governors of the Federal Reserve System (FED), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office itself have issued a revised Interagency Policy Statement on Allowances for Credit Losses. This Policy Statement is intended ...
CFTC Grants RTX Fintech & Research LLC Registration as a Swap Execution ...
ID 22902
The U.S. Commodity Futures Trading Commission (CFTC) has published a press statement to announce that it has approved the registration of RTX Fintech & Research LLC as a Swap Execution Facility (RTX SEF). The approval is set out in a corresponding order. Following the fulfillment of all the requirements set out in the order, the limited liability company which is based in Delaware and ...
READOUT: Treasury Roundtable on Domestic Violent Extremist Use of Virtual Currency ...
ID 22899
In a recent Readout, U.S. Department of the Treasury (USDT) briefly outlines the key discussion points of a recent roundtable among private sector companies, public sector officials, and the USDT „on the use of virtual assets by Domestic Violent Extremists (DVEs) and foreign Racially and Ethnically Motivated Violent Extremists (RMVEs)“. According to the regulator, the discussion thereby focused on the way DVEs and RMVEs ...
Federal Reserve issues initial findings from its 2022 triennial payments study
ID 22892
The Board of Governors of the Federal Reserve System has published the initial findings from its 2022 triennial payments study which looked at the non-cash payment methods of businesses, consumers, and governments during 2021 and examined the payment period 2018 through 2021 compared to previous 3-year periods for any such payments. The key findings are briefly noted below; for more details, please consult the ...
FSOC Issues for Public Comment Proposed Analytic Framework for Financial Stability ...
ID 22887
The U.S. Department of the Treasury, USDT, has published a [press statement](https://home.treasury.gov/news/press-releases/jy1432) to announce two (upcoming) consultations in connection with the maintenance of financial stability in the U.S., both launched by the USDT’s Financial Stability Oversight Council: The first consultation, which was meanwhile published in the Federal Register, seeks feedback on a proposed analytical framework for the identification, assessment, ...