The FDIC, the Federal Reserve Board, the Office of the Comptroller of the Currency, the SEC and the CFTC (collectively, the "agencies") proposed excluding certain community banks from the Volcker Rule.
The OCC, Treasury, Federal Reserve Board and FDIC proposed a joint rulemaking to establish requirements for tax allocation agreements between institutions and their holding companies in a consolidated tax filing group.
President Biden signed an Executive Order authorizing sanctions against those responsible for the overthrow of the democratically elected civilian government of Burma by military authorities on February 1, 2021.
President Joseph R. Biden signed an Executive Order blocking all property and interests in property of any person determined to have engaged in "specified harmful foreign activities" on behalf of the Government of the Russian Federation.
The Department of Finance Canada, the Ministry of Finance and Public Credit of Mexico, and the U.S. Department of the Treasury established a financial regulatory forum.