In a letter to the U.S. senators, the National Federation of Independent Business (NFIB) urged them to pass legislation authorizing more funding for the Paycheck Protection Program. Read on to learn more.
Agencies invite comment on proposed rule under Bank Secrecy Act
ESMA consults on CCP supervisory reviews and evaluation processes Friday 23 October 2020 17:22 The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has launched today a consultation on guidelines addressing the consistency of supervisory reviews and evaluation processes of CCPs under Article 21 of EMIR. The consultation paper seeks input from … Read more
ESMA consults on standards for CCP activities and model amendments Friday 23 October 2020 12:00 The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has launched a consultation on draft Regulatory Technical Standards (RTS) related to changes to central counterparties’ (CCPs) activities and models. Specifically, the RTS relate to the conditions for … Read more
STEVEN MAIJOOR DELIVERS KEYNOTE AT IRISH FUNDS ANNUAL GLOBAL FUNDS ONLINE CONFERENCE Wednesday 21 October 2020 12:13 Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), has delivered a keynote address at the Irish Funds Annual Global Funds Online Conference today. In his speech, Mr Maijoor focused on how retail investors and asset … Read more
Fitch Ratings has affirmed Fidelity National Financial, lnc.’s long-term issuer default rating at “BBB+,” its senior unsecured rating at “BBB” and its insurer financial strength rating at “A” (strong) on FNF’s rated operating subsidiaries.
The Federal Reserve issued an enforcement action against Citigroup, Inc. The action was taken in conjunction with one brought by the Office of the Comptroller of the Currency against Citibank, N.A., of Sioux Falls, South Dakota, a subsidiary of Citigroup. These actions included cease and desist orders, a $400 million civil money penalty, and consent … Read more
The U.S. Small Business Administration (SBA), with assistance from the Treasury Department, released an interim final rule making it easier for the smallest businesses with Paycheck Protection Program loans to file forgiveness applications. The administrator of the SBA and the secretary of the Treasury determined this new rule satisfies the need for a simpler forgiveness … Read more
The Federal Reserve Board recently issued an enforcement action against the Atlantic Community Bankers Bank, citing deficiencies in the bank’s compliance with anti-money laundering regulations. Read on for details.