Major Developments
Federal Reserve Board
Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11
January 24, 2024
The Federal Reserve Board (“FRB”) announced that the Bank Term Funding Program, where the FRB purchased government bonds at par, will cease making new loans as scheduled on March 11, 2024, ending a key program implemented after the crises of March 2023.
Congress
U.S. Senate
Committee on Banking, Housing, and Urban Affairs
Hearing: Reauthorization of the National Flood Insurance Program: Local Perspectives on Challenges and Solutions
January 25, 2024
The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, “Reauthorization of the National Flood Insurance Program: Local Perspectives on Challenges and Solutions.”
Committee on Small Business and Entrepreneurship
Hearing: Succession Planning: Opportunities to Build Wealth and Keep Jobs in Local Communities
January 24, 2024
The U.S. Senate Committee on Small Business and Entrepreneurship held a hearing entitled, “Succession Planning: Opportunities to Build Wealth and Keep Jobs in Local Communities.”
Federal Agencies
U.S. Department of the Treasury
Remarks by Secretary Yellen on the State of the U.S. Economy in Chicago, Illinois
January 25, 2024
U.S. Secretary of the Treasury Janet L. Yellen gave remarks on the state of the U.S. economy in Chicago, Illinois.
Article: An Update to “The Purchasing Power of American Households”
January 25, 2024
The U.S. Department of the Treasury published an article entitled, “An Update to ‘The Purchasing Power of American Households'”
Securities and Exchange Commission
FINRA
Investor Alert: Artificial Intelligence (AI) and Investment Fraud
January 25, 2024
The Securities and Exchange Commission’s Office of Investor Education and Advocacy, the North American Securities Administrators Association, and the Financial Industry Regulatory Authority issued a joint Investor Alert to make investors aware of the increase of investment funds involving the purported use of artificial intelligence and other emerging technologies.
Securities and Exchange Commission
Remarks: Time is Money, Time is Risk
January 25, 2024
Securities and Exchange Commission Chair Gary Gensler gave remarks entitled, “Time is Money, Time is Risk,” before the European Commission.
Financial Crimes Enforcement Network
FinCEN Announces Inflation Adjustments to Bank Secrecy Act Civil Monetary Penalties
January 25, 2024
The Financial Crimes Enforcement Network (FinCEN) issued a final rule to reflect annual inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended.
FINRA
Cybersecurity Alert – LockBit (Threat Actor)
January 25, 2024
FINRA published a guidance entitled, “Cybersecurity Alert – LockBit (Threat Actor).”
Federal Housing Finance Agency
Foreclosure Prevention, Refinance, and Federal Property Manager’s Report – October 2023
January 25, 2024
The Federal Housing Finance Agency published the Foreclosure Prevention, Refinance, and Federal Property Manager’s Report for October 2023
Bank Policy Institute
Blog: Clear Recognition of the Discount Window Would Improve Liquidity Rules
January 25, 2024
The Bank Policy Institute (BPI) published a blog post entitled, “Clear Recognition of the Discount Window Would Improve Liquidity Rules.”
Blog: 4 Key Fixes to the Banking Agencies’ Long-Term Debt Proposal
January 25, 2024
The BPI published a blog post entitled, “4 Key Fixes to the Banking Agencies’ Long-Term Debt Proposal.”
International
Bank of England
Policy Statement: Bank of England Levy Framework Document
January 25, 2024
The Bank of England published a policy statement entitled, “Bank of England Levy Framework Document.”
Bank of England and HM Treasury respond to digital pound consultation
January 25,…
This article was originally published by a www.jdsupra.com . Read the Original article here. .