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Banking

By: Regology

Jun 1, 2020

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Global banking updates amongst all tracked agencies.

Week of Sept. 15, 2020

US – OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Sally to Close

Week of August 31, 2020

Europe – ECB extends euro liquidity lines with two central banks

Europe – EBA issues Opinion regarding the European Commission’s intention to amend the EBA’s final draft RTS on economic downturn

Hong Kong – MPFA publishes Annual Report 2019-20

India – RBI launches the September 2020 round of the Inflation Expectations Survey of Households

India – RBI Releases Revised Priority Sector Lending Guidelines

Italy – Bank of Italy workshop on: The crisis management framework for banks in the EU

Japan – Japan’s Balance of Payments Statistics and International Investment Position for 2019

Korea – Official Foreign Reserves (August 2020)

Russia – Bank of Russia introduces new procedure to approve model terms for repo contracts and for financial derivative, securities, FX and precious metal transactions

Switzerland – FINMA’s Takeover and State Liability Committee is considering appeals against decision 765/02 regarding MCH Group AG

US – Consumer Financial Protection Bureau Issues Analysis of HMDA Data Points

US – CFTC Provides Additional Relief to Market Participants Transitioning from LIBOR

US – CFPB Launches Public Service Announcements to Reach Consumers Eligible for Compensation in Siringoringo Case

US – FDIC Issues CRA Examination Schedules for Fourth Quarter 2020 and First Quarter 2021

US – Consumer Financial Protection Bureau Report Examines Early Impact of Pandemic on Consumer Credit

US – Agencies Extend Comment Period on Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance

US – OCC Releases CRA Evaluations for 20 National Banks and Federal Savings Associations

US – Antitrust Division Seeks Public Comments On Updating Bank Merger Review Analysis

US – FDIC Issues List of Banks Examined for CRA Compliance

Week of August 24, 2020

Canada – Bank of Canada launches public consultation on inflation targeting

Ireland – Central Bank review highlights overall improvement in retail intermediaries’ compliance with annual return reporting requirements

Korea – Business Survey Index (BSI) and Economic Sentiment Index (ESI) for August 2020

Korea – Monetary Policy Decision (August 27, 2020)

South Africa – Capital framework for South Africa based on the Basel III framework

South Africa – Interchange Determination Project: review of the interchange determination process

Switzerland – Money market debt register claims: Important legal information

US – FDIC Board of Directors’ Actions

US – Federal Reserve will co-host a research conference on bank supervision on December 11, 2020

US – OCC Allows National Banks and Federal Savings Associations Along U.S. Gulf Coast to Close

US – FDIC-Insured Institutions Reported Lower Profitability but Strong Liquidity and Higher Capital Levels in Second Quarter 2020

US – Federal Open Market Committee announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy

Week of August 17, 2020

Europe – The EBA updates data used for the identification of global systemically important institutions (G-SIIs)

Europe – EBA supports the EU Commission’s call for a more efficient and effective framework to tackle money laundering and terrorism financing

Europe – ECB and National Bank of the Republic of North Macedonia set up repo line to provide euro liquidity

Europe – Results of the June 2020 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD)

India – RBI releases framework for authorisation of pan-India Umbrella Entity for Retail Payments

Japan – U.S. dollar liquidity-providing operations from September 1, 2020

New Zealand – The Reserve Bank’s balance sheet set to expand further in response to COVID-19

New Zealand – RBNZ to lead Asia-Pacific Central Banks working group

Russia – Bank of Russia Bulletin No. 61 (2197) of 13 August 2020

South Africa – Regulatory proposals on payroll deductions

Spain – Sanctions imposed by the Banco de España

Switzerland – Federal Council adopts dispatch on amending Collective Investment Schemes Act

US – Financial Sanctions and Visa Restrictions against Ugandan Individuals Involved in Corrupt Adoption Scheme

US – CFPB Extends Comment Period on Request for Information on Ways to Prevent Credit Discrimination and Build a More Inclusive Financial System

US – Consumer Financial Protection Bureau Proposes New Category of Qualified Mortgages to Encourage Innovation and Access to Affordable Mortgage Credit

US – CFTC Unanimously Approves Proposals Amending Margin Requirements for Swap Dealers and Major Swap Participants

US – Bank Accounting Advisory Series Updated

US – OCC Enforcement Actions

US – Agencies issue statement providing additional information for certain Bank Secrecy Act due diligence requirements

Week of August 10, 2020

Australia – Statement on Monetary Policy – August 2020

Canada – Bank of Canada designates Interac e‑Transfer as a prominent payment system

Europe – EBA consults on Guidelines on criteria for the use of data inputs in the expected shortfall risk measure under the Internal Model Approach

Germany – Global Data Conduct GmbH: BaFin issues cease and desist order to immediately stop and wind up unauthorized money remittance business

Korea – Monetary and Liquidity Aggregates during June 2020

Russia – Bank of Russia names banks authorised to hold special accounts of financial platform operators

Switzerland – Important monetary policy data for the week ending 7 August 2020

Switzerland – Money market debt register claims: Important legal information

US – Federal Reserve Board announces individual large bank capital requirements, which will be effective on October 1

US – CFTC Approves Final Cross-Border Swaps Rule and an Exempt SEF Amendment Order at July 23 Open Meeting

US – Federal Reserve Board announces revised pricing for its Municipal Liquidity Facility

US – Federal Banking Agencies Issue Joint Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements

US – OCC Hosts Minority Depository Institutions Advisory Committee Meeting September 1 Via Remote Means

Week of August 3, 2020

Europe – ECB announces organisational changes to strengthen banking supervision

Europe – ESRB Annual Report 2019

Europe – EBA publishes final draft technical standards on disclosure and reporting on MREL and TLAC

Europe – No. 22 – The FDIC bank crisis management experience: lessons for the EU Banking Union

Germany – German Bank Separation Act: BaFin publishes interpretative guidance

India – Statement on Developmental and Regulatory Policies

South Africa – Guidance relating to the duration of Banks Act Directive 3 of 2020

South Africa – WP/20/10: Developments in debt issuance costs of South African banks

Switzerland – Important monetary policy data for the week ending 31 July 2020

Switzerland – Basel Committee releases consultative documents on principles for operational risk and operational resilience

UK – FCA consults on new rules to improve open-ended property fund structures

UK – FCA announces proposals to update Dual-regulated firms Remuneration Code

US – FDIC Issues List of Banks Examined for CRA Compliance

US – OCC Issues Rule Creating Exception to Withdrawal Period Requirement for Collective Investment Funds, Eases Impact of COVID-19

US – CFTC Advisory Warns Customers to Carefully Assess Precious Metals Pitches Touting CARES Act Rules

US – Federal Reserve issues FOMC statement

US – Federal Reserve Board announces the extensions of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) through March 31, 2021

US – OCC Assesses $80 Million Civil Money Penalty Against Capital One

US – Federal Reserve Board issues enforcement action with Capital One Financial Corporation

US – Federal Reserve announces details of new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States

Week of July 27, 2020

India – RBI releases data on ECB/FCCB/RDB for June 2020

US – Department of Justice Announces Guidance on Religious Liberty Protections in Grant Programs

Russia – Bank of Russia reduces interest rate within programmes to support lending to SMEs and for urgent needs

Week of July 20, 2020

Colombia – Comunicado del Banco Agrario sobre el resultado final del proceso de contratación de conectividad y seguridad informática

Europe – ECB and Magyar Nemzeti Bank set up repo line to provide euro liquidity

Europe – EBA consults on technical standards specifying the determination of indirect exposures arising from (credit) derivative contracts underlying a debt or equity instrument for large exposures purposes

Europe – Consolidated financial statement of the Eurosystem as at 17 July 2020

Europe – The EBA observes an increase in high earners in 2018 and the persistence of differences in remuneration practices across the EU

Europe – EBA is looking into ways to reduce reporting costs

India – Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2020

India – Reporting to Stock Exchanges Regarding Violations Under Securities and Exchange Board of India Prohibition of Insider Trading Regulations 2015 Relating to the Code of Conduct (COC)

Korea – Real Gross Domestic Product: 2nd Quarter of 2020 (Advance Estimate)

South Africa – Press conference to announce the Monetary Policy Committee decision on 23 July 2020

Switzerland – Important monetary policy data for the week ending 17 July 2020

Switzerland – Money market debt register claims: Important legal information

UK – FCA, PRA and Bank of England launch Complaints Scheme consultation

US – Office of the Comptroller of the Currency Issues Proposed True Lender Rule

US – FDIC Seeks Input on Voluntary Certification Program to Promote New Technologies

US – Federal Reserve Board to maintain the current schedule of prices for most payment services that the Federal Reserve Banks provide to depository institutions in 2021

US – CFTC Approves Final Swap Dealer Capital Rule at July 22 Open Meeting

US – Federally Chartered Banks and Thrifts May Provide Custody Services For Crypto Assets

US – Agencies Adopt Final Rule on the Orderly Liquidation of Covered Broker-Dealers under Title II of the Dodd-Frank Act

US – Federal Reserve Board finalizes rule that implements technical, clarifying updates to Freedom of Information Act (FOIA) procedures and changes to rules for the disclosure of confidential supervisory information (CSI)

US – FDIC Issues Rule on Section 19 of the Federal Deposit Insurance Act

US – FDIC Minority Depository Institutions Subcommittee to Meet

Week of July 13, 2020

Canada – Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing

Italy – Bank of Italy/CEPR/EIEF Conference on “Ownership, Governance, Management & Firm Performance”

Italy – Survey on Inflation and Growth Expectations

Europe – Consolidated financial statement of the Eurosystem as at 10 July 2020

Europe – ECB and National Bank of Serbia set up repo line to provide euro liquidity

Europe – ECB and Bank of Albania set up repo line to provide euro liquidity

Europe – EBA supports EU Commission’s actions towards a more sustainable European economy

Hong Kong – On the Pan-Democratic Primary Election in Hong Kong

Russia – Results of monitoring of maximum interest rates of credit institutions

South Africa – PA Communication 3 of 2020 – Non-Life Underwriting Risk Capital Requirements

Switzerland – Important monetary policy data for the week ending 10 July 2020

Switzerland – Public bonds of the Swiss Confederation: Situation at 16.07.2020

UK – FCA commences civil proceedings in relation to alleged unauthorised regulated mortgage contracts and sale & rent back agreements

UK – FCA to launch enhanced Financial Services Register

UK – FCA seeks views on extending the implementation deadlines for the Certification Regime and Conduct Rules

US – Federal Reserve Board announces extension of rule change to bolster effectiveness of the Small Business Administration’s Paycheck Protection Program

US – Consumer Financial Protection Bureau Releases Online Tool to Help College Students Determine How to Pay for College

US – OCC Seeks Members for Minority Depository Institutions Advisory Committee

US – Updated Public Guidance for Section 232 of the Countering America’s Adversaries Through Sanctions Act (CAATSA)

US – CFTC’s Technology Advisory Committee Releases Agenda for Upcoming Public Meeting

US – CFTC to Hold Open Commission Meetings on July 22 and 23

US – CFPB Releases Report on Debt Settlements and Credit Counseling

US – European Court of Justice Invalidates EU-U.S. Privacy Shield

US – OCC Enforcement Actions

Week of July 6, 2020

China – Important monetary policy data for the week ending 3 July 2020

Europe – Update – Eighth Joint BIS, World Bank, Bank of Canada, Banca d’Italia Public Investors Conference

Europe – EBA Banking Stakeholders Group held its first meeting in its new composition

Europe – The Banking and Financial Ombudsman (ABF) Annual Report for 2019

India – Securities and Exchange Board of India (International Financial Services Centres) Guidelines, 2015- Amendments

Korea – Financial Market Trends in June 2020

South Africa – South African Reserve Bank imposes administrative sanctions

Spain – The Banco de España presents the Complaints Report 2019

Switzerland – Basel Committee reports on Basel III implementation progress

Switzerland – Basel Committee publishes final revisions to the credit valuation adjustment risk framework

Switzerland – FSB and Basel Committee set out supervisory recommendations for benchmark transition

Switzerland – Money market debt register claims: Important legal information

UK – On the United Kingdom’s Establishment of a Global Human Rights Sanctions Regime

UK – UK statement to the WTO Dispute Settlement Body

US – CFTC’s Market Risk Advisory Committee to Meet on July 21

US – Consumer Financial Protection Bureau Ratifies Prior Regulatory Actions

US – LabCFTC to Host Fintech-Focused Virtual Event Series This Fall

Week of June 29, 2020

Europe – The EBA supports the Commission’s proposal for a new Digital Finance Strategy for Europe

Europe – Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

Europe – Consolidated financial statement of the Eurosystem as at 26 June 2020

India – Scheduled Banks’ Statement of Position in India as on Friday, June 19, 2020

Spain – EURIBOR (official mortgage market reference rate) (June 2020)

Switzerland – Important monetary policy data for the week ending 26 June 2020

Switzerland – Central banks a stabilising force in response to unprecedented crisis

Switzerland – Federal Council anticipates deficit of CHF 1 billion and will decide on COVID-19 debt reduction at year-end

Switzerland – Federal Council supports SBB to bridge liquidity shortfall

Switzerland – Basel Committee finalises AML/CFT guidelines on supervisory cooperation

UK – Building a financial regulatory system suitable for the UK in the new era

US – CFTC’s Technology Advisory Committee to Meet on July 16

US – Federal Reserve Board releases new term sheet for the Primary Market Corporate Credit Facility, adding pricing and other information

US – OCC Highlights Key Risks for Federal Banking System

US – The Justice Department, Department of Health and Human Services, and the Federal Trade Commission Partner to Alert Public of Contact Tracing COVID-19 Fraud Schemes

US – FDIC Launches Competition to Modernize Bank Financial Reporting

US – Federal Reserve Board issues enforcement action with Benchmark Community Bank and announces the termination of enforcement action with Peoples Bank

US – FTC and DOJ Issue Antitrust Guidelines for Evaluating Vertical Mergers

US – OCC Releases CRA Evaluations for 21 National Banks and Federal Savings Associations

US – FDIC Issues List of Banks Examined for CRA Compliance

US – Federal Open Market Committee announces its tentative meeting schedule for 2021

Week of June 22, 2020

Europe – EBA publishes final draft comprehensive ITS on institutions’ Pillar 3 disclosures and revised final draft ITS on supervisory reporting (Framework 3.0)

Europe – EBA launches discussion on further enhancing supervisory powers of competent authorities

Europe – EBA Guidelines on ICT and Security Risk Management

Germany – The current crisis and the challenges it poses for economic and monetary policy

India – RBI releases data on ECB/FCCB/RDB for May 2020

Russia – Bank of Russia reduces interest rate within programmes to support lending to SMEs and for urgent needs

Switzerland – Basel Committee proposes amendment to capital rules for non-performing loan securitisations

Switzerland – Human rights violations in Nicaragua: Federal Council to impose targeted sanctions

Switzerland – Switzerland to become a leading location for sustainable financial services

Switzerland – CPMI-IOSCO publish a report on CCP auctions

UK – Firms to prepare for phased move to FCA’s new data collection platform RegData

UK – FCA statement on planned amendments to the Benchmarks Regulation

US – FTC Seeks Public Comment on Proposed Repeal of the Care Labeling Rule

US – Justice Department’s Antitrust Division And The Securities And Exchange Commission Sign Historic Memorandum Of Understanding

US – President’s Commission on Law Enforcement and the Administration of Justice Continues Hearing on Community Engagement, Holds Hearing on Research Perspectives

US – CFPB Issues Interpretive Rule on Method for Determining Underserved Areas

US – FTC Announces Final Amendments to the Agency’s Contact Lens Rule

US – CFPB Issues Interim Final Rule on Loss Mitigation Options for Homeowners Recovering from Pandemic-Related Financial Hardships

US – Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

US – Consumer Financial Protection Bureau Settles with Contract for Deed Companies for Engaging in Deceptive Acts and Practices and Violating Credit Reporting Rules

US – OCC Reports First Quarter 2020 Bank Trading Revenue

US – Agencies Release Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance

US – Federal Reserve Board releases results of stress tests for 2020 and additional sensitivity analyses conducted in light of the coronavirus event

US – Agencies Finalize Amendments to Swap Margin Rule

US – Financial Regulators Modify Volcker Rule

Week of June 15, 2020

Canada – Bank of Canada becomes administrator of Canadian Overnight Repo Rate Average

Europe – EBA calls for input to understand impact of de-risking on financial institutions and customers

Europe – Consolidated financial statement of the Eurosystem as at 12 June 2020

Europe – The Banco de España makes two sets of amendments to Circular 4/2017 to credit institutions on financial reporting rules

Europe – UK approach to joining the CPTPP trade agreement

India – Reserve Bank of India publishes the Oversight Framework for Financial Market Infrastructures and Retail Payment Systems

India – RBI releases proposed changes in regulations applicable to Housing Finance Companies (HFCs) for public comments

India – Scheduled Banks’ Statement of Position in India as on Friday, June 05, 2020

Japan – Statement on Monetary Policy

Russia – Bank of Russia Bulletin released

South Africa – Working Paper – WP/20/05: The impacts of unconditional cash transfers on schooling in adolescence and young adulthood: Evidence from South Africa

Switzerland – Federal Council adopts dispatch on partial revision of Banking Act

US – Department of Justice Announces Launch of Civil Rights Reporting Portal

US – Federal Reserve Board announces updates to Secondary Market Corporate Credit Facility (SMCCF), which will begin buying a broad and diversified portfolio of corporate bonds to support market liquidity and the availability of credit for large employers

US – Federal Reserve Board announces it will resume examination activities for all banks, after previously announcing a reduced focus on exam activity in light of the coronavirus response

US – OCC Reports Mortgage Performance Remains Stable

US – FDIC-Insured Institutions Reported Reduced Profitability but Strong Loan Growth and Stable Asset Quality in First Quarter 2020

US – Justice Department Issues Recommendations for Section 230 Reform

US – SEC Extends Relief for Virtual Meetings of Fund Boards

US – Consumer Financial Protection Bureau Launches Pilot Advisory Opinion Program to Provide Regulated Entities Clear Guidance and Improve Compliance

Week of June 8, 2020

Australia – Assessment of the Reserve Bank Information and Transfer System

Europe – EBA publishes its 2019 Annual Report

Europe – EBA proposes enhanced standardisation of disclosure requirements laid down in the Non-Financial Reporting Directive

Europe – EBA issues revised list of validation rules

India – Reserve Bank constitutes an Internal Working Group to review extant ownership guidelines and corporate structure for Indian private sector banks

India – Reserve Bank of India – Bulletin Weekly Statistical Supplement – Extract

India – RBI releases Discussion Paper on ‘Governance in Commercial Banks in India’

India – Relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Further Public Offer

Italy – 2020 Banca d’Italia and Federal Reserve Board Joint Conference on Nontraditional Data & Statistical Learning

New Zealand – Reserve Bank releases thematic review of Appointed Actuary role

US – Statement of CFTC Chairman Heath P. Tarbert on the European Commission’s Draft Delegated Acts

US – Federal Reserve issues FOMC statement

US – Federal Reserve Board and Federal Open Market Committee release economic projections from the June 9-10 FOMC meeting

US – CFTC Assumes Key Role on IOSCO Board Leadership

US – The Department of Justice and the Department of Homeland Security Propose Rule on Procedures for Asylum and Withholding of Removal

US – “Cyber 9-Line” improves cybersecurity and enables election integrity

Week of June 1, 2020

Canada – Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve

Europe – EBA launches consultation on technical standards on capital requirements of non-modellable risks under the FRTB

ECB and National Bank of Romania set up repo line to provide euro liquidity

India – Scheduled Banks’ Statement of Position in India as on Friday, May 22, 2020

Switzerland – The Federal Council elects the Innosuisse Board

US – OCC Releases CRA Evaluations for 17 National Banks and Federal Savings Associations

US – OCC Sounds Warning About Effects of COVID-19 ‘Lockdowns’ on Banking System

US – Agencies issue host state loan-to-deposit ratios

US – FTC Adjusts Monetary Thresholds for Three Exemptions in Franchise Rule

US – Federal Reserve Board announces an expansion in the number and type of entities eligible to directly use its Municipal Liquidity Facility

US – OCC Requests Comment on Proposal to Update Activities and Operations Rules and its Rules on Digital Activities

US – FTC Staff Provides 2019 Annual Financial Acts Enforcement Report to the CFPB

US – CFPB Takes Steps to Facilitate LIBOR Transition

US – CFTC Unanimously Approves Final Rule at June 4 Open Meeting

US – FDIC Issues List of Banks Examined for CRA Compliance

US – OCC Hosts Mutual Savings Association Advisory Committee Meeting June 29 Via Webinar