October 7, 2002 News Archive

Capital Market News
Inside the September Issue (PDF, 95KB):

• Solutions on Measuring Operational Risk
• OneChicago and Nasdaq Liffe: Two New Exchanges to Trade Securities Futures

Board Announces Annual Adjustment of Fee-based Trigger for Additional Mortgage Loan Disclosures
In a recent press release, the Board announced that effective January 1, 2003, the the dollar amount that triggers additional disclosure requirements under the Truth in Lending Act for mortgage loans that bear rates or fees above a certain amount has increased to $488.

FinCEN Expands E-filing System to Include BSA Reports
The Financial Crimes Enforcement Network (FinCEN) announced (PDF) the launching of the Patriot Act Communication System (PACS). PACS is desinged to allow participating financial institutions to quickly and securely file Bank Secrecy Act (BSA) reports over the Internet.