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US Federal Agencies Issue Exemption Order To Customer Identification Program Requirements
Date 27/06/2025
The Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency, and the National Credit Union Administration (collectively, “agencies”), with the concurrence of the Financial Crimes Enforcement Network, today issued an order granting an exemption from a requirement of the Customer Identification Program (CIP) Rule implementing Section 326 of the USA PATRIOT Act. The CIP Rule requires a bank or credit union to obtain taxpayer identification number (TIN) information from its customer before opening an account, and the exemption permits a bank or credit union to use an alternative collection method to obtain TIN information from a third-party rather than from the customer.
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US Federal Bank Regulatory Agencies Request Comment On Proposal To Modify Certain Regulatory Capital Standards
Date 27/06/2025
The federal bank regulatory agencies today requested comment on a proposal to modify certain regulatory capital standards to reduce disincentives for banking organizations to engage in lower-risk activities and promote the smooth functioning of U.S. Treasury markets.
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European Commission Approves Finansinspektionen’s Extension Of The Risk-Weight Floors
Date 27/06/2025
The European Commission has announced that it does not object to FI's intention to extend the current risk weight floors for Swedish mortgages and commercial real estate. This means that FI may implement the measures.
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The Quest For Cheaper And Faster Cross-Border Payments: Regional And Global Solutions - Speech By Piero Cipollone, Member Of The Executive Board Of The ECB, At The BIS Annual General Meeting, Basel, 27 June 2025
Date 27/06/2025
Cross-border retail payments are the subject of increasing attention. This is for two main reasons.
First, they play a growing role in the world economy, as international transaction volumes have been increasing at a faster pace than GDP growth. However, despite some improvements in recent years, many payment corridors remain poorly served, which results in slow transaction times and high costs and ultimately hinders economic growth and social cohesion. Moreover, this inefficiency undermines the benefits of globalisation, as the economic gains from lower trade barriers are diverted into rents within cross-border payment markets, rather than benefiting the businesses and households that make use of them.
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ESMA: New Q&As Available
Date 27/06/2025
The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has published or updated the following Questions and Answers:
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UK Financial Conduct Authority Secures Guilty Plea From John Burford In £1m Investor Fraud Scheme
Date 27/06/2025
John Burford has pleaded guilty in a £1m investment fraud case, following a prosecution brought by the FCA.
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Europex: Call For Comprehensive Reset Of CACM 2.0
Date 27/06/2025
Ahead of the upcoming meeting of the Electricity Cross-Border Committee next Monday, we – Europex, the Association of European Energy Exchanges – wish to express our serious concerns regarding the proposed recast of Commission Regulation 2015/1222 (EU) establishing a guideline on capacity allocation and congestion management (CACM 2.0).
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BNP Paribas Expands Its Securities Services Activity Through The Acquisition Of HSBC’s Custody And Depositary Bank Business In Germany
Date 27/06/2025
BNP Paribas today announces that its Securities Services business, a leading global custodian with EUR 14.3 trillion in assets under custody, has entered an agreement with HSBC for the acquisition of the custody and depositary bank business of HSBC Continental Europe S.A., Germany, subject to regulatory approvals.
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Malawi Stock Exchange Weekly Summary Report, 27 June 2025
Date 27/06/2025
Click here to download Malawi Stock Exchange's weekly summary report
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Borsa Istanbul: The Extension Of The Validity Date Of The Order-To-Trade Ratio (OTR) Change In The Equity Market
Date 27/06/2025
Please click for the announcement.