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Treasury Publishes National Risk Assessments For Money Laundering, Terrorist Financing, And Proliferation Financing - Reports Identify Key Illicit Finance Concerns To The United States; Enable The Public And Private Sectors To More Effectively Manage And Combat Illicit Finance Risks

Date 01/03/2022

The U.S. Department of the Treasury today issued the 2022 National Risk Assessments (NRAs) on Money Laundering (NMLRA), Terrorist Financing (NTFRA) and Proliferation Financing (NPFRA).  These documents highlight the most significant illicit finance threats, vulnerabilities, and risks facing the United States.  The United States is vulnerable to all three forms of illicit finance because of the size and sophistication of the U.S. financial system and centrality of the U.S. dollar in the payment infrastructure of global trade. 

Readout: US Secretary Of The Treasury Janet L. Yellen’s Call With European Commission Executive Vice President For Economy Valdis Dombrovskis

Date 01/03/2022

Today, Secretary of the Treasury Janet L. Yellen spoke with European Commission Executive Vice President for Economy Valdis Dombrovskis. Secretary Yellen affirmed the United States’ support for Ukraine’s sovereignty, working together with our partners to hold Russia accountable.  The Secretary expressed appreciation for the close coordination with the European Commission, which has helped to usher in unprecedented sanctions on Russia imposed by partners and allies around the world in recent days, and stressed the need for cooperation on further strong measures.

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Office Of The Comptroller Of The Currency Releases CRA Evaluations For 11 National Banks And Federal Savings Associations

Date 01/03/2022

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of February 1, 2022 through February 28, 2022. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The possible ratings are outstanding, satisfactory, needs to improve, and substantial noncompliance.

CFTC Commissioner Stump To Participate On A Panel At FIA Boca 2022

Date 01/03/2022

Ontario Securities Commission Issues Whistleblower Award Totalling Nearly A Quarter Of A Million Dollars

Date 01/03/2022

The Ontario Securities Commission (OSC) has issued an award of $240,000 to joint whistleblowers for information and assistance that led to the opening of a new investigation and resulted in a successful OSC enforcement action.

ISDA derivatiViews: A Big Step To Derivatives And SFT Alignment

Date 01/03/2022

Derivatives and securities financing transactions (SFTs) interconnect in a variety of ways and share many common features, but participants that straddle both markets have to use two or more similarly structured agreements to document their derivatives and SFT trades – a situation that can be both complex and duplicative. We think there’s an opportunity to bring greater alignment and efficiency to these markets in certain use cases, which is why we’ve published new documentation that will give firms the option to trade derivatives and SFTs under a single ISDA Master Agreement.

Federal Reserve Board Invites Public Comment On Supplement To Its May 2021 Proposal

Date 01/03/2022

The Federal Reserve Board on Tuesday invited public comment on a supplement to its May 2021 proposal intended to ensure that Reserve Banks use a transparent and consistent set of factors when reviewing requests to access Federal Reserve accounts and payment services.

CFTC Chairman Behnam To Keynote At FIA Boca 2022

Date 01/03/2022

MIAX Options, MIAX Pearl And MIAX Emerald: Amendment To Rule 1308, Supervision Of Accounts, To Extend The Temporary Remote Inspection Relief For Members To Complete Their Branch Office Inspections

Date 01/03/2022

MIAX Options, MIAX Pearl and MIAX Emerald have amended Rule 1308 to extend the temporary remote inspection relief for Members to complete their branch office inspections for calendar years 2020 and 2021 to include calendar year 2022 through December 31, 2022.

Nigerian Exchange Limited To Implement New Strategy To build On Gains Of Demutualisation

Date 01/03/2022

As part of ongoing activities aimed at improving business operations and processes at Nigerian Exchange Limited (“NGX or the Exchange”), the Board of the Exchange has approved a new strategy centered on digital transformation, strategic partnerships, and customer-centric solutions. These will ensure that the bourse becomes a “LEADING” organisation with a focus on deepening the capital market, diversifying our products and services, enhancing retail participation, and delighting our stakeholders across board.