What are the consequences of a foreign bank failing to continue to meet applicable capital and management requirements? How does an election by a foreign bank become effective? How may a foreign bank elect to be treated as a financial holding company? What are the requirements for a foreign bank to be treated as a financial holding company? How to request approval to engage in an activity that is complementary to a financial activity? How to request the Board to determine that an activity is financial in nature or incidental to a financial activity? Is notice to the Board required after engaging in a financial activity? What activities are permissible for any financial holding company? Is notice to or approval from the Board required prior to engaging in a financial activity? What are the consequences of failing to maintain a satisfactory or better rating under the Community Reinvestment Act at all insured depository institution subsidiaries? What are the consequences of failing to continue to meet applicable capital and management requirements? How does a bank holding company elect to become a financial holding company? Procedures for filing, processing, and acting on notices standards for disapproval waiver of notice. Notice of Addition or Change of Directors and Senior Executive Officersĭirector and officer appointments prior notice requirement. Professional association membership competency. Procedures for filing, processing, publishing, and acting on notices.Īppraisal Standards for Federally Related TransactionsĪppraisals required transactions requiring a State certified or licensed appraiser. Rebuttable presumption of noncontrol of a company. Rebuttable presumptions of control of a company. List of permissible nonbanking activities. Procedures for determining scope of nonbanking activities. Hearings, alteration of activities, and other matters.įactors considered in acting on nonbanking proposals. Procedures for other nonbanking proposals. Prohibited nonbanking activities and acquisitions exempt bank holding companies.Įxempt nonbanking activities and acquisitions.Įxpedited action for certain nonbanking proposals by well-run bank holding companies. Nonbanking Activities and Acquisitions by Bank Holding Companies Notice procedure for one-bank holding company formations. Public notice, comments, hearings, and other provisions governing applications and notices. Procedures for other bank acquisition proposals. Transactions not requiring Board approval.įactors considered in acting on bank acquisition proposals.Įxpedited action for certain bank acquisitions by well-run bank holding companies. The Brazilian government is also studying new laws to stamp out illegal gold mining, which accounts for roughly half of Brazilian gold the country exports to nations, including Switzerland and Britain.Bank Holding Companies and Change in Bank Control (Regulation Y)Ĭapital planning and stress capital buffer requirement. In parallel, the police work will support whenever there is a suspicion that these legal parameters were not followed." "We need a structure that is not based on good faith it has to be on the proof of the illicit origin and a robust legal tracking structure through tax documents. Humberto Friere is the director of the newly-created environment and Amazon department of the federal police. Including the development of radio-isotope technology to prove the illegal origin of seized gold. They are also setting up new bases across the Amazon and seeking international help on law enforcement in the region, Meanwhile, police said they were not focusing on the arrest of miners but instead seizing the resources of those accused of financing them. To help them, Brazil's armed forces have parachuted in food parcels. This Yanomami leader says there are 180 communities in a health emergency. The area had been invaded by thousands of gold miners threatening communities with firearms, spreading malaria, polluting rivers and scaring off wild game, which led to children being treated in hospital for malnutrition. One of his first acts upon taking office in January was to declare a humanitarian crisis in the Yanomami region, which is the size of Portugal and lies along Brazil's northern border with Venezuela. It's all part of President Lula da Silva's plan to crack down on environmental crime and protect indigenous groups. That's according to federal police officials on Tuesday, who say they plan to remove miners from six more reserves this year. STORY: Brazil has ousted almost all illegal gold miners from the Amazon territory of the Indigenous Yanomami tribe.
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