Joint Statement on the UK-U.S. Financial Regulatory Working Group

UK and U.S. participants held the sixth meeting of the UK-U.S. Financial Regulatory Working Group (the Working Group) virtually on 21 July 2022. The Working Group was formed in 2018 to deepen bilateral regulatory cooperation with a view to the further promotion of financial stability; investor protection; fair, orderly, and efficient markets; and capital formation […]

The Price Impact of the Strategic Petroleum Reserve Release

By: Assistant Secretary for Economic Policy Benjamin Harris and Deputy Assistant Secretary for Climate and Energy Economics Catherine Wolfram To help address rising energy prices and mitigate a shortfall in the production of oil owing to Russia’s war in Ukraine, President Biden in March of this year announced a historic release of oil from the […]

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Visit to France

PARIS — On July 25, Deputy Secretary of the Treasury Wally Adeyemo met with government counterparts in Paris, France, including Secretary-General of the Élysée Palace Alexis Kohler and Director General of the Treasury Emmanuel Moulin. They discussed their commitment to the people of Ukraine as they defend their country against Russia’s unprovoked and unjustifiable war, the […]

OCC Solicits Research on Implications of Financial Technology for Banking

News Release 2022-91 | July 25, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is soliciting academic-and policy-focused research on the impact of financial technology (fintech) entities and nonbanks on banking and the markets for lending, deposit-taking, and payment services through August 21, 2022. The OCC will invite authors of selected […]

READOUT: Treasury Climate Counselor joins International Partners in South Africa to further the Just Energy Transition Partnership

WASHINGTON—On Thursday, July 21, Climate Counselor to U.S. Secretary of the Treasury Janet L. Yellen, John Morton, and Treasury staff concluded a visit to Pretoria, South Africa, where they met with South African officials and international partners to discuss continued progress on the Just Energy Transition Partnership (JETP). First announced at COP 26, the JETP supports […]

Statement by Secretary of the Treasury Janet L. Yellen on Debt Service Relief by Group of Creditors of Ukraine

WASHINGTON — Today, the Group of Creditors of Ukraine, including the United States, announced their intent to honor Ukraine’s request for a coordinated suspension of debt service through the end of 2023. A suspension of debt service will provide substantial support for the Government and people of Ukraine in the face of Russia’s unjustified and […]

Statement by the Group of Creditors of Ukraine

We, the Group of Creditors of Ukraine, express our solidarity with and support for Ukraine as it defends itself against Russia’s unjustified, unprovoked and illegal war of aggression. We note the publication today of a consent solicitation from Ukraine to defer the debt service due to bondholders from August 1st, 2022 and to extend payment […]

Joint Statement on the EU – U.S. Joint Financial Regulatory Forum

BRUSSELS—EU and U.S. participants in the EU – U.S. Joint Financial Regulatory Forum (“the Forum”) met on July 13-14, 2022, to exchange views on topics of mutual interest as part of their regular financial regulatory dialogue. EU participants included representatives of the European Commission, the European Banking Authority (EBA), the European Securities and Markets Authority […]

OCC Announces Executive Assignments in Chief Counsel’s Office

News Release 2022-89 | July 19, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced the selection of Patricia Grady as Deputy Chief Counsel and Jonathan Fink as Associate Chief Counsel. Ms. Grady will provide legal advice to the Chief Counsel and senior OCC officials on significant legal, policy and […]

OCC Seeks Nominations for Minority Depository Institutions Advisory Committee

News Release 2022-86 | July 19, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the needs and challenges facing minority depository institutions. The OCC is seeking nominations of individuals who are […]