Aggregated News From Investment Management Regulators

UST US

Treasury Launches New Effort to Improve Resilience of its Market

Department Seeks Public Input on Additional Transparency in Treasury Market The U.S. Department of the Treasury, in consultation with the Inter-Agency Working Group on Treasury Market Surveillance (IAWG), has taken the next step in its work to bolster Treasury market resilience by publishing a request for information (RFI) to solicit public feedback on additional post-trade data transparency in the Treasury securities market. “Soliciting public comment on ways to increase transparency in the Treasury market is part of an effort to help ensure that the Treasury market continues to be the deepest and most liquid market in the world,” Under Secretary of...

Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the United Arab Emirates Banks Federation Roundtable

As Prepared for Delivery Thank you all for joining me today, and thank you to the UAE Banks Federation for bringing this group together. It’s great to be with you again, seven months since our last meeting. I want to start by commending your commitment to building robust systems for preventing money laundering and protecting your institutions from being used for illicit purposes, including the financing of terrorist activity. I know this is only possible because of the strong public and private partnership that exists between your government and financial sector, which I’ve heard about in meetings with your government over...

Remarks by Secretary of the Treasury Janet L. Yellen During Visit to Rosebud Indian Reservation

As Prepared for Delivery Thank you very much for that introduction.  And President Herman, thank you for your generosity and hospitality. It’s great to be here. This is my first visit to Indian Country, and it’s meaningful to me to see first-hand the beauty of the Rosebud Reservation and to hear about your Tribe’s rich heritage.  It’s also been illuminating to listen to you discuss the deep challenges that you and Tribal nations around the country face, and hear your thoughts on how we can partner together to accelerate the economic recovery for all Tribal citizens. I’ve spent my entire career thinking...

Treasury Applauds Appointment of Chief Lynn Malerba as Treasurer of the United States

Chief Lynn Malerba will become the first Native American to serve as Treasurer of the United States and will lead the newly established Office of Tribal and Native Affairs. Today, ahead of Secretary of the Treasury Janet L. Yellen’s visit to the Rosebud Indian Reservation in South Dakota, President Joe Biden announced the appointment of Lynn Malerba, Lifetime Chief of the Mohegan Tribe, to serve as Treasurer of the United States. Chief Malerba is the first Native American to serve as the nation’s Treasurer. To underscore the Department’s commitment to Tribal nations, Treasury also announced the establishment of a new...

FACT SHEET: During Visit to Rosebud Indian Reservation, Secretary Yellen Highlights U.S. Treasury Department’s Historic Commitment to Tribal Nations

Recognizing the significant public health and economic impacts of the COVID-19 pandemic on Tribal communities, President Biden’s American Rescue Plan included over $30 billion for Tribal governments – the largest single one-time infusion of federal dollars into Indian Country to-date. The U.S. Treasury Department has played a pivotal role in administering these funds, including $20 billion in fiscal relief to Tribes, support for Tribal efforts to help members stay in their homes, and investments in small businesses and broadband. Today, as Secretary Yellen makes her first visit to Tribal lands as Secretary, Treasury is taking two steps that will...

Transcript of Joint Press Conference Between Secretary of the Treasury Janet L. Yellen and Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland

Hon. Chrystia Freeland:  Okay, well thank you all for being here. : It is a huge pleasure to welcome my friend the secretary of treasury of the United States, Mrs. Janet Yellen, here in Toronto in my own jurisdiction for her first official visit in Canada. This is a very consequential time for both Canada and the United States. The global economy is changing and that poses challenges for both of our countries, but it also offers historic opportunities today and in the years ahead.  The hopeful and entirely open post-Cold War world order that we all tried to build starting...

Transcript of Fireside Chat of U.S. Treasury Secretary Janet L. Yellen and Deputy Prime Minister and Minister of Finance Chrystia Freeland Hosted by Canada...

Moderator (Beata Caranci):  Thank you, Mayor Tory, for those very warm comments and it probably goes without saying that at least for me this is just an incredible honor to be sharing the stage with the Deputy Prime Minister as well as Secretary Yellen. And I hoped we cover a lot of lot of content. I did show you my stickies beforehand so you were forewarned. But we only have 45 minutes and before I start peppering you with questions, perhaps just a couple of minutes if you'd like to have any opening content, comments for our audience, we...

U.S. Treasury Commends Unprecedented Censure of Russia by Financial Action Task Force

At June Plenary, FATF Takes Important Steps To Fight Corruption, Improve Transparency Today in Berlin, the Financial Action Task Force (FATF) concluded the last Plenary under the German presidency and produced policy recommendations to strengthen efforts to combat corruption and the misuse of virtual assets. The FATF again condemned the Russian war against Ukraine and, in an unprecedented step, took action to restrict Russia’s FATF membership privileges. FATF members agreed to severely limit the Russian Federation’s role and influence within the FATF. In particular, FATF members decided that the Russian Federation can no longer hold any leadership or advisory roles or...

Treasury Sanctions Nicaraguan State Mining Company

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated the state-owned Nicaraguan mining company Empresa Nicaraguense de Minas (ENIMINAS) as well as one official of the Government of Nicaragua pursuant to Executive Order (E.O.) 13851. The Ortega-Murillo regime rigged last November’s Nicaraguan presidential election through the arbitrary imprisonment of the political opposition, the blocking of political parties, the shuttering of independent media, and the bullying of civil society. They are deepening their relationship with Russia as it wages war against Ukraine, while using gold revenue to continue to oppress the people of Nicaragua and engage...

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with CEO Members of the Board of Directors of the Bank Policy Institute

U.S. Secretary of the Treasury Janet L. Yellen met today with CEO members of the board of directors of the Bank Policy Institute to discuss the global and domestic economic outlook, the Biden-Harris Administration’s work to address inflation, the Administration’s firm commitment to holding Russia accountable for its for its brutal and unprovoked war in Ukraine, and efforts to promote responsible innovation in digital assets. Secretary Yellen emphasized the global economic challenges confronting countries throughout the world, including inflation, notably energy and food price hikes resulting from Russia’s war and supply chain issues. She noted that the Russian economy is...

Treasury Targets International Sanctions Evasion Network Supporting Iranian Petrochemical Sales

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a network of Iranian petrochemical producers, as well as front companies in the People’s Republic of China (PRC) and the United Arab Emirates (UAE) that support Triliance Petrochemical Co. Ltd. (Triliance) and Iran’s Petrochemical Commercial Company (PCC), entities instrumental in brokering the sale of Iranian petrochemicals abroad. This network helps effectuate international transactions and evade sanctions, supporting the sale of Iranian petrochemical products to customers in the PRC and the rest of East Asia. “The United States is pursuing the path of meaningful diplomacy to achieve...

U.S. Sanctions Members of Russian Violent Extremist Group

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating two key supporters of the ethnically motivated violent extremist group known as the Russian Imperial Movement (RIM) pursuant to Executive Order (E.O.) 13224, as amended. RIM was previously designated by the U.S. Department of State as a Specially Designated Global Terrorist (SDGT) organization on April 7, 2020 for having provided training for acts of terrorism. Concurrent with OFAC’s action today, the U.S. Department of State also designated an individual for posing a significant risk of committing acts of terrorism. “The Russian Imperial Movement has sought...

Regulator Information

Abbreviation: UST
Jurisdiction: United States

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EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

The European Banking Authority (EBA) published today an Opinion and Report in response to the European Commission’s Call for Advice (CfA) on the review of the Mortgage Credit Directive (MCD) .

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