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Meanwhile, APRA provided a revised timeline on the implementation of new prudential standards in the banking, insurance and superannuation industries. [read post]
15 May 2023, 9:05 pm by renholding
ENDNOTES [1] Janet Yellen, “Janet Yellen on US Debt Ceiling, Banking System, China,” Bloomberg, May 12, 2023, https://www.bloomberg.com/news/videos/2023-05-12/janet-yellen-on-debt-ceiling-banking-system-china-video. [2] Id. [3] Eric Lutz, “At CNN Town Hall, Donald Trump Perfectly Embodies the GOP’s Cynical Debt Ceiling Game,” Vanity Fair, May 11, 2023, https://www.vanityfair.com/news/2023/05/donald-trump-cnn-town-hall-debt-ceiling-default. [read post]
15 May 2023, 9:17 am by Simon Lovegrove (UK)
The higher standard of the Duty and the shift to focusing on customer outcomes will require a significant change in many firms’ culture. [read post]
On 12 May 2023, the European Banking Authority (EBA) issued a final report containing draft regulatory technical standards (RTS) on the scope and methods for consolidation of an investment firm group under the Investment Firms Regulation (IFR). [read post]
15 May 2023, 9:12 am by The Regulatory Review Staff
. ______________________________________________________________________ Sam Wong, Executive Editor August 11, 2022 | Electric Vehicle Fires Spark Firefighter Safety Concerns | Experts say regulators need to set better electric vehicle standards for emergency responders. [read post]
15 May 2023, 5:19 am by Katelynn Minott, CPA & CEO
Foreign Bank Account Report (FBAR) If you have $10,000 or more in foreign bank accounts at any point in the year, you’ll need to report the contents of those accounts to the F [read post]
The Act requires controllers or processors to create, maintain, and comply with a written privacy program that reasonably conforms to the National Institute of Standards and Technology (NIST) privacy framework entitled “A Tool for Improving Privacy through Enterprise Risk Management Version 1.0. [read post]
11 May 2023, 9:05 pm by Nabil Shaikh
EPA estimated that the new standards could produce up to $85 billion in net climate and health benefits. [read post]
11 May 2023, 9:05 pm by renholding
First is the interplay between accounting standards and regulation. compliance with capital requirements ultimately refers to accounting standards and practices used to evaluate banks’ assets. [read post]
11 May 2023, 5:22 am by Unknown
It’s a ban,” the association wrote.This is particularly so in the current moment, in which the GDCA says federal banking regulators are “actively discouraging banks from engaging in custody and other crypto asset activities” and only one bank with a federal charter is empowered at present to custody crypto assets.In this context, requiring crypto assets to be held by qualified custodians would “raise serious issues of statutory authority,… [read post]
10 May 2023, 2:09 pm by 1p21.admin
Gross neglect refers to a nursing home falling woefully short of the required standards of care for its elderly residents. [read post]
10 May 2023, 4:28 am by Cari Rincker
Transfers relating to life insurance policies, however, are an exception to this exception.[6] Doubts about Your Capacity To make a valid gift, you must have the mental capacity required by state law, but those standards vary by state. [read post]
10 May 2023, 4:00 am by Administrator
Periodically on Thursdays, we present a significant excerpt, usually from a recently published book or journal article. [read post]
9 May 2023, 12:09 pm by Associated Press
A Federal Reserve report showed that banks raised their lending standards for business and consumer loans in the aftermath of three large bank failures. [read post]
9 May 2023, 7:45 am by David Reiss
“If you do not pay it off early, you can earn interest in a bank account, but you will be paying taxes on that interest. [read post]
9 May 2023, 7:01 am by Emma O'Connor
The building is in a central, pedestrian-friendly location that is close to grocery stores, banks, places of worship, pharmacies, retail, hospitals, and schools. [read post]
9 May 2023, 4:42 am by Michael C. Dorf
An important part of our argument rested on a standard move in statutory interpretation. [read post]
8 May 2023, 9:01 pm by Neil H. Buchanan and Michael C. Dorf
That is, a person could put $100 into a deposit account with a bank, and if the bank pays three percent interest, the person would be able to withdraw three dollars per year forever. [read post]