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  • U.S. Treasury says United States and Thailand Partner to Strengthen Infrastructure Finance

    U.S. Department of the Treasury says United States and Thailand Partner to Strengthen Infrastructure Finance | site |




    (October 26, 2020) - - Today, October 26, 2020, the U.S. Department of the Treasury published the following information: WASHINGTON – U.S. Ambassador to Thailand Michael George DeSombre and Minister of Finance Arkom Termpittayapaisith met today to discuss and exchange signed copies of the Framework to Strengthen Infrastructure Finance and Market Building Cooperation, signed by U.S. Treasury Assistant Secretary Mitchell Silk and Permanent Secretary of Finance Prasong Poontaneat of the Government of Thailand on September 22, 2020. This cooperative initiative is designed to achieve the mutual goals of the United States and Thailand to support infrastructure development through market-oriented, private sector investment. Under this cooperative framework, the United States and Thailand will address regulatory, market, and legal barri...
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  • G7 Finance Ministers and Central Bank Governors’ Statement on Digital Payments

    G7 Finance Ministers and Central Bank Governors’ Statement on Digital Payments | site |


    (October 13, 2020) - - Today, the U.S. Department of the Treasury published the following information:


    G7 Finance Ministers and Central Bank Governors’ Statement on Digital Payments



    WASHINGTON – The widespread adoption of digital payments has the potential to address frictions in existing payment systems by improving access to financial services, reducing inefficiencies, and lowering costs. At the same time, payment services should be appropriately supervised and regulated to address challenges and risks related to financial stability, consumer protection, privacy, taxation, cybersecurity, operational resilience, money laundering, terrorist and proliferation financing, market integrity, governance, and legal certainty, among others. The public sector, through the provision of fiat currency and the conduct of independent monetary po...
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  • Federal Reserve begins 2020 Census of Finance Companies and Other Lenders

    Federal Reserve begins 2020 Census of Finance Companies and Other Lenders

    Federal Reserve begins 2020 Census of Finance Companies and Other Lenders| site |


    (October 6, 2020) - - Today the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board announced on Tuesday that it will begin the 2020 Census of Finance Companies and Other Lenders. The census is a key part of the Federal Reserve's effort to paint a complete picture of this important sector of the U.S. economy. "Your participation is important to help us understand the size and structure of lenders like yours that supply credit or lease financing to U.S. households and businesses," said Federal Reserve Chair Jerome H. Powell in a letter to prospective census participants. "The results will contribute to better-informed policy decisions and form the basis of our statistical releases, which have become all the more critical during the pandemic outbreak." The assets and liabilities of finance companies have been surveyed by the...
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  • Agencies Issue Two Final Rules

    Agencies Issue Two Final Rules

    Agencies Issue Two Final Rules | site |



    (September 29, 2020) - - Today, September 29, 2020, the Federal Deposit Insurance Corporation (FDIC) published the following information:

    Joint Release:

    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation

    Office of the Comptroller of the Currency



    The federal bank regulatory agencies finalized two rules, which are either identical or substantially similar to interim final rules currently in effect and issued earlier this year. They include:
    • A final rule that temporarily defers appraisal and evaluation requirements for up to 120 days after the closing of certain residential and commercial real estate transactions; and
    • A final rule that neutralizes—due to the lack of credit and market risk—the regulatory capital and liquidity effects for banks that participate in certain Federal Reserve liquidity facilities.
    The...
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  • Statement of the G7 Finance Ministers on Debt Transparency and Sustainability

    Statement of the G7 Finance Ministers on Debt Transparency and Sustainability

    Statement of the G7 Finance Ministers on Debt Transparency and Sustainability| site |



    (June 3, 2020) - - Today (June 3, 2020), the U.S. Department of the Treasury published the following information: WASHINGTON – We continue to work together to advance the international economic response to the COVID-19 pandemic, with a focus on the poorest and most vulnerable countries. COVID-19 has exacerbated existing debt vulnerabilities in many low-income countries, highlighting the importance of debt sustainability and transparency to long-term financing for development. We welcome efforts of the international financial institutions (IFIs) to amplify their support for the most vulnerable countries. In this context, we are committed to implementing the Debt Service Suspension Initiative (DSSI) agreed by the G20 and the Paris Club, by suspending official bilateral debt payments for the poorest countries to year-end 2020 and possibly longer, providing those countries fiscal ...
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  • Statement of G7 Finance Ministers and Central Bank Governors

    Statement of G7 Finance Ministers and Central Bank Governors

    Statement of G7 Finance Ministers and Central Bank Governors | site |





    (March 24, 2020) - - Today, the U.S. Department of the Treasury published the following information:



    Statement of G7 Finance Ministers and Central Bank Governors




    WASHINGTON – Consistent with the direction from G7 Leaders, we are taking action and enhancing coordination on our dynamic domestic and international policy efforts to respond to the global health, economic, and financial impacts associated with the spread of the coronavirus disease 2019 (COVID-19). Collectively, G7 nations have already enacted a wide-ranging set of health, economic, and financial stability measures. We will do whatever is necessary to restore confidence and economic growth and to protect jobs, businesses, and the resilience of the financial system. We also pledge to promote global trade and investment to underpin prosperity. Our nations are working...
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  • Finance Regulators announce that the 2020 National Interagency Community Reinvestment Conference is Postponed

    Finance Regulators announce that the 2020 National Interagency Community Reinvestment Conference is Postponed| site |



    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation

    Office of the Comptroller of the Currency
    (March 5, 2020) - - Today, the Board of Governors of the Federal Reserve System published the following information: After careful consideration of the growing public health concerns associated with the coronavirus (COVID-19), the organizing sponsors of the 2020 National Interagency Community Reinvestment Conference (NICRC), scheduled March 9-12 in Denver, Colorado, have made the decision to postpone the conference. The Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation jointly made this decision out of an abundance of caution to help safeguard the health and well-being of the more than 1,300 registered conference participants.
    ...
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  • U.S. Department of the Treasury Completes Fourth Argentina-United States Dialogue on Illicit Finance

    U.S. Department of the Treasury Completes Fourth Argentina-United States Dialogue on Illicit Finance



    (May 31, 2018) - - The fourth meeting of the Argentina-United States Dialogue on Illicit Finance (AUDIF) was held on May 30-31, 2018 in Washington, D.C. The main objective of this initiative is to identify and share information on money laundering, terrorist financing, and other illicit finance threats and typologies. The AUDIF further serves as a forum to develop joint strategies and initiatives to combat these financial crimes and discuss issues of mutual interest. The most recent Dialogue covered initiatives related to terrorist financing typologies and risk; identification and action against the proceeds of corruption; and the forging of a common approach towards regional illicit finance threats and vulnerabilities, including combating Venezuelan corruption. For the United States, the ...
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  • G7 Finance Ministers Joint Statement on North Korea

    G7 Finance Ministers Joint Statement on North Korea

    G7 Finance Ministers Joint Statement on North Korea





    (April 18, 2018) - - North Korea’s continued development of weapons of mass destruction (WMD) and ballistic missile programs poses a grave threat to international peace and security. We remain committed to the complete, verifiable, and irreversible denuclearization of the Korean peninsula and dismantlement of North Korea’s WMD and ballistic missile programs, but North Korea must match its words with concrete actions. To support this goal, we will continue to take action to impose maximum economic pressure on North Korea, in keeping with relevant United Nations Security Council Resolutions (UNSCRs). We are concerned by North Korea’s evasion of international sanctions and its continued ability to access the international financial system. North Korea does little business in its own true name and uses a network of agents, ...
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  • U.S. Treasury Secretary Mnuchin Conducts Phone Call with Republic of South Africa Minister of Finance Pravin Gordhan

    U.S. Treasury Secretary Mnuchin Conducts Phone Call with Republic of South Africa Minister of Finance Pravin Gordhan




    Washington, DC - - (March 14, 2017) - - U.S. Secretary of the Treasury Steven Mnuchin spoke by phone yesterday with South Africa's Minister of Finance Pravin Gordhan.

    Secretary Mnuchin underscored the mutual importance of the strong U.S.-South Africa economic relationship, which supports jobs and investment in both countries. Secretary Mnuchin said he looked forward to working with Minister Gordhan to promote shared economic interests, bilaterally, within the G20, and in other multilateral fora.




    Information source: U.S. Department of the Treasury...
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  • U.S. Department of the Treasury Secretary Steven Mnuchin Participates in Call with Republic of Korea Deputy Prime Minister and Minister of Strategy and Finance Yoo Il-ho

    U.S. Department of the Treasury Secretary Steven Mnuchin Participates in Call with Republic of Korea Deputy Prime Minister and Minister of Strategy and Finance Yoo Il-ho




    March 3, 2017


    Washington, DC - - (March 2, 2017) - - U.S. Secretary of the Treasury Steven Mnuchin spoke by phone last night with Republic of Korea Deputy Prime Minister and Minister of Strategy and Finance Yoo Il-ho.

    Secretary Mnuchin underscored that he looked forward to working with Deputy Prime Minister Yoo both bilaterally and multilaterally on a comprehensive set of economic issues that will benefit both the United States and the Republic of Korea as well as the global economy. He also expressed the importance of continuing a strong partnership with the Republic of Korea on North Korean sanctions and illicit finance issues.



    Information source: U.S. Department of the Treasury...
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  • U.S. Treasury Secretary Steven Mnuchin Speaks with German Finance Minister Wolfgang Schäuble

    U.S. Treasury Secretary Steven Mnuchin Speaks with German Finance Minister Wolfgang Schäuble




    February 21, 2017


    Washington, DC - - (February 15, 2017) - - U.S. Treasury Secretary Steven Mnuchin spoke by phone today with German Finance Minister Wolfgang Schäuble.

    According to a U.S. Treasury spokesperson, Secretary Mnuchin looks forward to working closely with Germany at the upcoming G-20 Finance Ministers and Central Bank Governors meeting in Baden Baden, and over the year of Germany’s G-20 presidency. The Secretary welcomed the opportunity to work collaboratively on a range of shared interests, including bolstering stronger and more inclusive growth and strengthening job creation, where the United States and Germany can cooperate fruitfully.



    Information source: U.S. Department of the Treasury...
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  • Staff Reporter 1
    U.S. Treasury says United States and Thailand Partner to Strengthen Infrastructure Finance
    by Staff Reporter 1
    U.S. Department of the Treasury says United States and Thailand Partner to Strengthen Infrastructure Finance | site |




    (October 26, 2020) - - Today, October 26, 2020, the U.S. Department of the Treasury published the following information: WASHINGTON – U.S. Ambassador to Thailand Michael George DeSombre and Minister of Finance Arkom Termpittayapaisith met today to discuss and exchange signed copies of the Framework to Strengthen Infrastructure Finance and Market Building Cooperation, signed by U.S. Treasury Assistant Secretary Mitchell Silk and Permanent Secretary of Finance Prasong Poontaneat of the Government of Thailand on September 22, 2020. This cooperative initiative is designed to achieve the mutual goals of the United States and Thailand to support infrastructure development through market-oriented, private sector investment. Under this cooperative framework, the United States and Thailand will address regulatory, market, and legal barri...
    10-27-2020, 11:21 PM
  • Staff Reporter 1
    G7 Finance Ministers and Central Bank Governors’ Statement on Digital Payments
    by Staff Reporter 1
    G7 Finance Ministers and Central Bank Governors’ Statement on Digital Payments | site |


    (October 13, 2020) - - Today, the U.S. Department of the Treasury published the following information:


    G7 Finance Ministers and Central Bank Governors’ Statement on Digital Payments



    WASHINGTON – The widespread adoption of digital payments has the potential to address frictions in existing payment systems by improving access to financial services, reducing inefficiencies, and lowering costs. At the same time, payment services should be appropriately supervised and regulated to address challenges and risks related to financial stability, consumer protection, privacy, taxation, cybersecurity, operational resilience, money laundering, terrorist and proliferation financing, market integrity, governance, and legal certainty, among others. The public sector, through the provision of fiat currency and the conduct of independent monetary po...
    10-13-2020, 11:41 PM
  • Staff Reporter 1
    Federal Reserve begins 2020 Census of Finance Companies and Other Lenders
    by Staff Reporter 1
    Federal Reserve begins 2020 Census of Finance Companies and Other Lenders| site |


    (October 6, 2020) - - Today the Board of Governors of the Federal Reserve System published the following information: The Federal Reserve Board announced on Tuesday that it will begin the 2020 Census of Finance Companies and Other Lenders. The census is a key part of the Federal Reserve's effort to paint a complete picture of this important sector of the U.S. economy. "Your participation is important to help us understand the size and structure of lenders like yours that supply credit or lease financing to U.S. households and businesses," said Federal Reserve Chair Jerome H. Powell in a letter to prospective census participants. "The results will contribute to better-informed policy decisions and form the basis of our statistical releases, which have become all the more critical during the pandemic outbreak." The assets and liabilities of finance companies have been surveyed by the...
    10-06-2020, 09:03 PM
  • Staff Reporter 1
    Agencies Issue Two Final Rules
    by Staff Reporter 1
    Agencies Issue Two Final Rules | site |



    (September 29, 2020) - - Today, September 29, 2020, the Federal Deposit Insurance Corporation (FDIC) published the following information:

    Joint Release:

    Board of Governors of the Federal Reserve System

    Federal Deposit Insurance Corporation

    Office of the Comptroller of the Currency



    The federal bank regulatory agencies finalized two rules, which are either identical or substantially similar to interim final rules currently in effect and issued earlier this year. They include:
    • A final rule that temporarily defers appraisal and evaluation requirements for up to 120 days after the closing of certain residential and commercial real estate transactions; and
    • A final rule that neutralizes—due to the lack of credit and market risk—the regulatory capital and liquidity effects for banks that participate in certain Federal Reserve liquidity facilities.
    The...
    10-06-2020, 01:14 AM
  • Staff Reporter 1
    Statement of the G7 Finance Ministers on Debt Transparency and Sustainability
    by Staff Reporter 1
    Statement of the G7 Finance Ministers on Debt Transparency and Sustainability| site |



    (June 3, 2020) - - Today (June 3, 2020), the U.S. Department of the Treasury published the following information: WASHINGTON – We continue to work together to advance the international economic response to the COVID-19 pandemic, with a focus on the poorest and most vulnerable countries. COVID-19 has exacerbated existing debt vulnerabilities in many low-income countries, highlighting the importance of debt sustainability and transparency to long-term financing for development. We welcome efforts of the international financial institutions (IFIs) to amplify their support for the most vulnerable countries. In this context, we are committed to implementing the Debt Service Suspension Initiative (DSSI) agreed by the G20 and the Paris Club, by suspending official bilateral debt payments for the poorest countries to year-end 2020 and possibly longer, providing those countries fiscal ...
    06-05-2020, 02:09 AM

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