The U.S. Department of the Treasury Office of Foreign Assets Control extended the expiration date of certain exemptions from the Ukraine-related sanctions regulations. General License 13F, which replaces General License 13E, authorizes certain transactions necessary to divest or transfer debt, equity or other holdings in certain blocked persons as they relate to EN+ Group PLC, GAZ Group and United Company RUSAL PLC. With regard to transactions authorized by this General License involving GAZ Group (or entities in which GAZ Group owns a 50 percent or greater interest), the expiration date has
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The reopening of the comment period and request for additional comment on capital, margin and segregation requirements for security-based swap dealers ("SBSDs") was published in the Federal Register. Comments must be submitted by November 19, 2018.
The Federal Trade Commission, together with the Department of Homeland Security, the National Institute of Standards and Technology ("NIST") and the Small Business Administration, introduced a national campaign to help small business owners understand cybersecurity and common cyber threats. Educational Material on cybersecurity provided by the agencies through this new effort include: cybersecurity basics; understanding the NIST cybersecurity framework; physical security; ransomware; phishing; business email imposters; tech support scams; vendor security; cyber insurance; email authentication
The FDIC added on-line resources for community financial institutions to prepare for internal or external events such as "cyber attacks [or] natural disasters." The additional materials are available here.
SIFMA, ISDA, FIA, and other industry trade associations and diverse banking organizations made recommendations on proposed changes to regulations implementing the "Volcker Rule."