Events listed in United States
OCC Report Identifies Key Risks Facing Federal Banking System
ID 26116
The Office of the Comptroller of the Currency, OCC, has published its semi-annual risk perspective which describes the current and expected operating environment of financial institutions in the U.S. and outlines the key risks faced by financial institutions in this context (with data provided for the analysis as of June 30, 2023). In brief, these are: (1) operational risks: these risks remain elevated as ...
Counter Narcotics Designations
ID 26093
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 15 individuals and two entities to its Specially Designated Nationals and Blocked Persons List (SDN List) for being engaged in or supporting the trafficking of fentanyl and other illegal drugs pursuant to Executive Order 14059. The affected parties ...
Regulatory Notice 23-20
ID 26090
The Financial Industry Regulatory Authority (FINRA) has issued a new Regulatory Notice (23-20) to inform of available resources and guidance for broker-dealers and investment advisers in complying with the Securities and Exchange Commission’s Regulation Best Interest (Reg BI) which requires broker-dealers to act in the best interest of their clients when recommending any particular investments or investment strategies. Specifically, under Reg BI, broker-dealers are ...
SEC Office of the Investor Advocate Publishes Its Policy Recommendations on ...
ID 26083
The Office of the Investor Advocate of the U.S. Securities and Exchange Commission (SEC) has published its annual report on activities it conducted in fiscal year 2023 and which it is presenting to U.S. congress. The office, tasked with advancing investors‘ interests in regulatory processes, thereby presents the following key activities (for all of them, please refer to the report itself): – the Office ...
Agency Information Collection Activities: Announcement of Board Approval Under ...
ID 26082
On December 5, 2023, the Board of Governors of the Federal Reserve System (FED) published in the Federal Register its approval to extend for three years, with revisions, the collection of two reports to be filed by bank holding companies, savings and loan holding companies, U.S. intermediate holding companies, and – in case of the second report- by financial holding companies (FHCs). The following ...
Proposed Agency Information Collection Activities; Comment Request (FED proposes to ...
ID 26079
On December 5, 2023, the Board of Governors of the Federal Reserve System (FED) published in the Federal Register its proposal to extend for a period of three years – with revisions – the recordkeeping, reporting, and disclosure requirements of certain large state member banks, covered depository institution holding companies, and U.S. intermediate holding companies of foreign banking organizations in connection with the requirements ...
Russia-related Designations; Belarus Designations; Issuance of Belarus General ...
ID 26069
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction-related measures. Specifically, the Office added numerous individuals and entities to its Specially Designated Nationals and Blocked Persons List (SDN List) due to their support of the Belarus political regime, the commitment of human rights abuses in Belarus, the support of Russia’s war against Ukraine, or their engagement ...
Sudan Designations; Cyber-related Designation Update; Ukraine-related Designation ...
ID 26066
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added three individuals to its Specially Designated Nationals and Blocked Persons List (SDN List) for their engagement in activities that undermine the stability and peace in Sudan. The following persons are affected and now subject to asset freezing measures: #### Sanctioned Individual **ABBAS, ...
CFTC Issues Proposed Guidance Regarding the Listing of Voluntary Carbon Credit ...
ID 26059
The U.S. Commodity Futures Trading Commission (CFTC) has announced an upcoming consultation on a proposed Guidance on Listing VCC-Derivative Contracts. The guidance outlines specific issues that Designated Contract Markets (DCMs) should consider when contemplating the listing of Voluntary Carbon Credit (VCC) derivative contracts on their platforms. The noted issues are aimed at ensuring that VCC contracts align with regulatory standards, are less susceptible to ...
Proposed Agency Information Collection Activities; Comment Request (FED proposes to ...
ID 26058
On December 4, 2023, the Board of Governors of the Federal Reserve System (FED) published in the Federal Register its proposal to extend for a period of three years – with revisions – the recordkeeping, reporting, and disclosure requirements of banks, bank holding companies, and savings and loan holding companies in connection with the Market Risk Capital Rule which obliges institutions to hold sufficient ...