U.S. Financial Regulatory Agencies Join the Global Financial Innovation Network

News Release 2019-122 | October 24, 2019 Share This Page: Joint Release Commodity Futures Trading CommissionFederal Deposit Insurance CorporationOffice of Comptroller of the CurrencySecurities and Exchange Commission The Commodity Futures Trading Commission (CFTC), Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the Securities and Exchange Commission (SEC) today announced joining […]

Joint Statement on the U.S. – Israel Joint Economic Development Group

WASHINGTON – On October 23, more than 80 U.S. and Israeli officials gathered together at the U.S. Department of State to participate in the 34th meeting of the U.S. – Israel Joint Economic Development Group (JEDG), the annual economic policy dialogue between the two nations first held in 1985. Both sides expressed satisfaction with the […]

Treasury Removes Sanctions Imposed on Turkish Ministries and Senior Officials Following Pause of Turkish Operations in Northeast Syria

OFAC lifts sanctions on two ministries and three ministers Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed sanctions imposed on the Government of Turkey’s Ministry of National Defence and the Ministry of Energy and Natural Resources, as well as the Minister of National Defence, Minister of Energy […]

Statement of Secretary Steven T. Mnuchin Department of the Treasury Before the Committee on Financial Services United States House of Representatives October 22, 2019

Treasury’s Plan to Support Affordable Housing Chairwoman Waters, Ranking Member McHenry, and members of the Committee, I am pleased to be with you today to discuss the Department of the Treasury’s Housing Reform Plan. Last month, my colleagues and I testified before the Senate Banking Committee after the release of the Plan. The comments and […]

Statement by Secretary of the U.S. Treasury Steven T. Mnuchin

Washington, D.C.  – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement at the Annual Meeting of the Development Committee of the World Bank and International Monetary Fund: I extend warm greetings to the delegates gathered here in Washington, D.C., for the Annual Meetings of the World Bank Group and International Monetary Fund (IMF).  These […]

Treasury Launches the Counter-Hizballah International Partnership (CHIP) to Thwart Illicit Financial Activity

Washington—This week the Treasury Department convened the first meeting of the Counter-Hizballah International Partnership (CHIP) to build multilateral cooperation for targeting Hizballah’s global financial networks. Over 30 countries representing the Middle East, the Western Hemisphere, Europe, Asia, and Africa participated in this event, which was held on the sidelines of the World Bank/International Monetary Fund […]

IMFC Statement of U.S. Treasury Secretary Steven T. Mnuchin

Washington, D.C. – U.S. Treasury Secretary Steven T. Mnuchin issued the following statement at the Annual Meetings of the International Monetary Fund and World Bank: I welcome the opportunity to discuss with my counterparts the challenges facing the global economy.  Recent signs of weakness in parts of the global economy underscore the need for countries to use […]

Financial Action Task Force (FATF) Reiterates Terror Finance Risks in Iran, Clarifies “Stablecoin” Guidance, Issues AML/CFT Reports

The U.S. commends FATF’s ongoing efforts to protect international financial system  Paris – Today the Financial Action Task Force (FATF) concluded its 31st plenary meeting with a public statement that, among other things, reiterates terrorist financing risks emanating from Iran.  The FATF also clarified guidance on “stablecoins” and adopted virtual assets changes, among other reports related […]

Federal Financial Regulatory Agencies Seek Comment on Proposed Interagency Policy Statement on Allowances for Credit Losses and Proposed Interagency Guidance on Credit Risk Review Systems

News Release 2019-120 | October 17, 2019 Share This Page: Joint Release Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, National Credit Union Administration, Office of the Comptroller of the Currency Four federal financial regulatory agencies today requested comment on a proposed Interagency Policy Statement on Allowances for Credit Losses. This proposed […]

United States and Republic of Korea Sign Framework to Strengthen Infrastructure Finance and Market Building Cooperation

U.S. Secretary of the Treasury Steven T. Mnuchin and Korean Deputy Prime Minister and Finance Minister Hong Nam-ki sign a Memorandum of Understanding to Strengthen Infrastructure Finance and Market Building Cooperation. Photo credit: U.S. Department of the Treasury, October 17, 2019. Washington – The United States and Republic of Korea today signed a Memorandum of Understanding (MOU) […]