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15 Mar 2023, 7:00 am by Hunton Andrews Kurth LLP
The Department of the Treasury will make available up to $25 billion as a backstop for the BTFP; however, the Federal Reserve stated that it does not anticipate needing to draw on the backstop funds. [read post]
15 Mar 2023, 6:23 am by Allan Blutstein
A few agencies increased staffing: DOD (+73), DHS (+41), HHS (+21), Interior (+12), HUD (+8), Treasury (+2), and Energy (+1). [read post]
14 Mar 2023, 6:40 am by jonathanturley
While the GOP had to threaten hearings with Treasury officials, the department has finally relented. [read post]
14 Mar 2023, 2:01 am by Jen Patja Howell
Anderson sat down with two leading sanctions experts: Rachel Alpert, a Partner at the law firm Jenner & Block and former State Department attorney, and Alex Zerden, the Founder and Principal of Capitol Peak Strategies and a former Treasury Department official, including at the U.S. [read post]
13 Mar 2023, 10:00 pm
US governmental authorities, including the US Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, took actions to provide both insured and uninsured depositors of Silicon Valley Bank (SVB) (as well as Signature Bank) access to their deposits beginning Monday, March 13. [read post]
13 Mar 2023, 10:00 pm
US governmental authorities, including the US Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, took actions to provide both insured and uninsured depositors of Silicon Valley Bank (SVB) (as well as Signature Bank) access to their deposits beginning Monday, March 13. [read post]
13 Mar 2023, 10:00 pm
US governmental authorities, including the US Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, took actions to provide both insured and uninsured depositors of Silicon Valley Bank (SVB) (as well as Signature Bank) access to their deposits beginning Monday, March 13. [read post]
13 Mar 2023, 10:00 pm
US governmental authorities, including the US Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, took actions to provide both insured and uninsured depositors of Silicon Valley Bank (SVB) (as well as Signature Bank) access to their deposits beginning Monday, March 13. [read post]
13 Mar 2023, 10:00 pm
US governmental authorities, including the US Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, took actions to provide both insured and uninsured depositors of Silicon Valley Bank (SVB) (as well as Signature Bank) access to their deposits beginning Monday, March 13. [read post]
13 Mar 2023, 10:00 pm
US governmental authorities, including the US Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, took actions to provide both insured and uninsured depositors of Silicon Valley Bank (SVB) (as well as Signature Bank) access to their deposits beginning Monday, March 13. [read post]
13 Mar 2023, 9:01 pm by renholding
The Criminal Division also released a modified version of its monitorship policy, codifying DOJ’s practice that monitor selection “be made in keeping with the Department’s commitment to diversity, equity, and inclusion,” and extending a monitor’s “cooling off” period, during which they are prohibited from being employed by or affiliated with the monitored entity, from two years to three years. [read post]
This was a result of consultation with Indigenous groups, financial services representatives, government departments and other regulators. [read post]
13 Mar 2023, 1:44 pm by Kevin LaCroix
The dramatic steps the Treasury Department and the Fed took over the weekend were clearly designed to try to head off a banking crisis, but whether it will be enough to forestall further bank failures remains to be seen. [read post]
13 Mar 2023, 8:00 am by Paul Caron
Department of the Treasury Releases Greenbook, Outlining Tax Proposals to Reduce the Deficit, Expand Support for Working Families, and Ensure the Wealthy and Large Corporations Pay their Fair Share General Explanations of the Administration’s Fiscal Year 2024 Revenue Proposals Revenue Estimates of the Administration's Fiscal Year 2024 Revenue Proposals... [read post]
13 Mar 2023, 4:17 am
FINRA's Travesty of a Transamerica Settlement (BrokeAndBroker.com Blog) Joint Statement by Department of the Treasury, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation (March 12, 2023) JOIN the Financial Professionals Coalition, Ltd 4Cir Affirms Denial of Motion to Vacate FINRA Arbitration AwardKayvan Karoon; KS Capital Management, Inc., Appellants, v. [read post]
13 Mar 2023, 4:17 am
FINRA's Travesty of a Transamerica Settlement (BrokeAndBroker.com Blog) Joint Statement by Department of the Treasury, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation (March 12, 2023) JOIN the Financial Professionals Coalition, Ltd 4Cir Affirms Denial of Motion to Vacate FINRA Arbitration AwardKayvan Karoon; KS Capital Management, Inc., Appellants, v. [read post]
13 Mar 2023, 4:17 am
(Financial Advisor IQ by Glenn Koch) Joint Statement by Department of the Treasury, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation (March 12, 2023) JOIN the Financial Professionals Coalition, Ltd 4Cir Affirms Denial of Motion to Vacate FINRA Arbitration AwardKayvan Karoon; KS Capital Management, Inc., Appellants, v. [read post]
13 Mar 2023, 4:17 am
(Financial Advisor IQ by Glenn Koch) Joint Statement by Department of the Treasury, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation (March 12, 2023) ... [read post]
13 Mar 2023, 4:17 am
FINRA's Travesty of a Transamerica Settlement (BrokeAndBroker.com Blog)   Joint Statement by Department of the Treasury, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation (March 12, 2023)   DOJ RELEASES   SEC RELEASES SEC Charges Water Treatment Company and Former Executive with Accounting Violations (SEC Release) SEC Charges Investment Adviser for Failing to Adopt New Compliance Policies for Clients and Seek… [read post]
The Department of the Treasury will make available up to $25 billion from the Exchange Stabilization Fund to backstop the BFTP. [read post]