In this issue:
- US Federal Reserve Board Outlines Organizational Structure of the Large Institution Supervision Coordinating Committee
- Final EU Regulations on Calculation of Margin Periods of Risk
- Annual Assessment on EU Colleges of Supervisors for Cross-Border Banking Groups
- EBA Publishes Report to Correct Taxonomy for Supervisory Reporting
- US Consumer Financial Protection Bureau Finalizes Rule Aimed at Improving Credit Card Agreement Submission Process
- EU Central Ratings Repository Updated
- BNY Mellon Fined by Financial Conduct Authority for Failing to Comply with Custody Rules
- Financial Conduct Authority Finalizes Guidance for MTF Operators on Regulatory Requirements for MTF Rules and Procedures
- US Office of the Comptroller of the Currency Issues Revised Booklets of the Comptroller’s Handbook
- Council of the EU Approves New Rules against Money Laundering and Terrorist Financing
- G20 Finance Ministers and Central Bank Governors Meeting
- Financial Stability Board Chair’s Letter to G20 on Financial Reforms
- Council of the EU Adopts Regulation on New European Long Term Investment Fund
- OFAC Director Adam Szubin Nominated for Undersecretary of the Treasury for Terrorism and Financial Crimes
- Upcoming Events
- Excerpt from US Federal Reserve Board Outlines Organizational Structure of the Large Institution Supervision Coordinating Committee:
On April 17, 2015, the US Board of Governors of the Federal Reserve System, Division of Banking, Supervision and Regulation issued information regarding the operating structure of the Large Institution Supervision Coordinating Committee supervisory program. SR Letter 15-7 provides information on the program’s organizational structure, including the roles and responsibilities of the committees, subgroups and dedicated supervisory teams that collectively comprise the LISCC’s governance structure. Established in 2010, the LISCC program aims to oversee and supervise the largest, most systemically important financial institutions using a centralized process and is comprised of senior Federal Reserve Board and Federal Reserve Bank officers and financial professionals.
Please see full publication below for more information.