FinCEN announces intent to postpone applying BSA requirements to investment advisers
FinCEN intends to postpone the effective date of a new rule to require certain investment advisers to comply with Bank ...
Tag: Investment
Volatility prompts banks to hoard cash and implement financial hedges
Even smaller banks with only a few billion dollars in assets are using swaps and other derivatives to more proactively ...
ABA makes additions to ABA Nasdaq Community Bank Index
ABA has added two banks to the ABA Nasdaq Community Bank Index. The index includes 236 community banks with $198.7 ...
Labor Department rescinds guidance on crypto and 401(k)s
The Labor Department rescinded a 2022 compliance release that directed fiduciaries to exercise “extreme care” before adding a cryptocurrency option ...
Survey: Investors don’t feel prepared for generational wealth transfer
Nearly two-thirds of survey respondents perceive preparedness for estate transitions to the next generation as very important, while only 28% ...
ABA backs bill to expand investment options for retirement plans at nonprofits
ABA expressed its support for bipartisan legislation to “level the playing field” among retirement plans by expressly authorizing 403(b) plans ...
Annual SEC report to Congress details increased efforts in fraud surveillance and prevention
The report cited FTC figures detailing a 21% increase from 2022 to 2023 in consumer investment scams and losses of ...
Treasury Department updates foreign investment committee authorities
The Treasury Department issued a final rule to “enhance” the authorities of CFIUS, which reviews certain foreign investments and real ...
Economic Outlook: The rising trend in CMO issuance
These complex financial instruments continue to be a popular choice among a diverse class of investors.
ABA supports bill to expand investment options for retirement plans at nonprofits
ABA said CITs are subject to the Employee Retirement Income Security Act of 1974 and must comply with federal tax ...
