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New York State Department of Financial Services Superintendent Lacewell Announces New DFS Initiative To Promote Diversity, Equity And Inclusion In Depository And Non-Depository Institutions - DFS Expects New York-Regulated Banking Institutions And New York-Regulated Non-Depository Financial Institutions To Make The Diversity Of Their Leadership A Business And Corporate Governance Priority - DFS To Collect And Publish Diversity Data From Institutions To Promote Transparency - Initiative Builds On DFS’s Existing Oversight Of New York-Regulated Banking Institutions And Regulated Non-Depository Financial Institutions’ Corporate Governance And Follows The Announcement Of Similar DFS Actions In The Insurance Industry

Date 29/07/2021

Superintendent of Financial Services Linda A. Lacewell today announced new action by the New York State Department of Financial Services (DFS) to promote diversity, equity and inclusion in the banking and non-depository financial industries.

IIROC: Final Phases Of Client Identifier Requirements Take Effect

Date 29/07/2021

The final phases of amendments to the Investment Industry Regulatory Organization of Canada's (IIROC) rules regarding the use of Client Identifiers came into effect on July 26, 2021.

Seplat Kicks Off Capital Markets Day With NGX Closing Gong Ceremony

Date 29/07/2021

Nigerian Exchange (NGX) Limited hosted Seplat Energy to a digital Closing Gong Ceremony to commemorate the first dual Capital Markets Day between Lagos and London on Thursday, 29 July 2021. The event marks an important milestone for Seplat marking its name change from Seplat Petroleum Development Company to Seplat Energy.

OPEC Fund Assigned Inaugural Credit Rating Of AA+ From Fitch Ratings

Date 29/07/2021

The OPEC Fund for International Development (the OPEC Fund) has been assigned an inaugural credit rating of AA+, with stable outlook from Fitch Ratings.

Federal Reserve Annual Report

Date 29/07/2021

Current Report 2020

PDF

This report covers the calendar-year operations and activities carried out by the Board in its five key functional areas: (1) monetary policy, (2) financial stability, (3) supervision and regulation, (4) payment system and Reserve Bank oversight, and (5) consumer and community affairs.

The appendix of this report contains additional information on Federal Reserve leadership, policy actions, budgets, updated historical data, and other supporting activities.

Readout Of US Secretary Of The Treasury Janet L. Yellen’s Meeting With Iraqi Finance Minister Ali Allawi

Date 29/07/2021

Yesterday, Secretary of the Treasury Janet L. Yellen met with H. E. Ali Allawi, Finance Minister of the Republic of Iraq.  Secretary Yellen reaffirmed the United States’ strong support for Iraq, and noted the close relationship between the U.S. Treasury and the Iraqi Ministry of Finance.  Minister Allawi explained the economic challenges Iraq faces, and the government’s determination to address them.

CME Group Statement On ARRC Formal Recommendation Of CME Term SOFR Reference Rates

Date 29/07/2021

CME Group, the world's leading and most diverse derivatives marketplace, today issued the following statement in response to the Alternative Reference Rates Committee's (ARRC) formal recommendation of CME Term SOFR Reference Rates for use based on their previously outlined best practices:

SEC Chair Gary Gensler Reveals Agency Is Reviewing Whistleblower Program

Date 29/07/2021

Today, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), delivered keynote remarks at the National Whistleblower Center’s (NWC) National Whistleblower Day 2021 celebration. Gensler spoke of the critical role whistleblowers play in SEC enforcement efforts and reemphasized his commitment to the agency’s whistleblower program. He also revealed that he has directed staff to review the whistleblower program in order to improve its efficiency and effectiveness.

BIS: AML And CFT In Banking – Executive Summary

Date 29/07/2021

Jurisdictions outlaw money laundering (ML) to achieve three main objectives: (i) to curb criminality in general by making it difficult for criminals to reap the proceeds of their crimes; (ii) to protect the rights that are violated by crimes by aiding the seizure of illegally obtained funds; and (iii) to protect the integrity of the financial system more broadly. Terrorist financing (TF) is outlawed to deny terrorists access to funds and thus reduce the risk of attacks.

SEC Charges Founder Of Nikola Corp. With Fraud

Date 29/07/2021

The Securities and Exchange Commission today announced charges against Trevor R. Milton, the founder, former CEO and former executive chairman of Nikola Corporation, for repeatedly disseminating false and misleading information – typically by speaking directly to investors through social media – about Nikola’s products and technological accomplishments.