Joint Statement on the EU-US Joint Financial Regulatory Forum
July 22, 2022 / Source: Treasury
Participants of the EU-US Joint Financial Regulatory Forum met on July 13-14, 2022 to exchange views on topics of mutual interest as part of their regular financial regulatory dialogue. The Forum emphasized close, ongoing EU and US cooperation in arrange of areas, including on sanction, and focused on six themes: (1) market developments and financial…
Statement by the Group of Creditors of Ukraine
July 22, 2022 / Source: Treasury
The Group of Creditors of Ukraine expressed support over Ukraine’s solicitation to defer debt service due to bondholders from August 1, 2022 and to extend maturity payments. They also expressed their intent to provide a coordinated suspension of debt service from August 1, 2022 until the end of 2023, with the possibility of an additional…
OCC Enforcement Actions and Terminations
July 21, 2022 / Source: OCC
The OCC released its new enforcement actions taken against national banks federal savings associations and individuals currently and formerly affiliated with national banks and federal savings associations.
Federal Reserve Board invites comment on proposal that provides default rules for certain contracts that use the LIBOR reference rate, which will be discontinued next year.
July 20, 2022 / Source: Federal Reserve
The Federal Reserve Board invites comment on a proposal that provides default rules for certain contracts that use the LIBOR reference rate, which will be discontinued next year. The proposal implements the Adjustable Interest Rate (LIBOR) Act. The proposal would replace references to LIBOR in certain contracts with the applicable Board-selected replacement rate after June…
OCC Seeks Nominations for Minority Depository Institutions Advisory Committee
July 20, 2022 / Source: OCC
The OCC is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). This committee assists the OCC in assessing the needs and challenges facing minority depository institutions. Nominations must be received on or before September 6, 2022. https://www.occ.gov/news-issuances/news-releases/2022/nr-occ-2022-86.html