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Commerce Control List CFR Correction

The Bureau of Industry and Security (BIS) is publishing a correction to the Code of Federal Regulations (CFR) regarding the Commerce Control List. This technical correction reinstates specific text related to the definition of crude and semi-fabricated forms of metals and alloys in Supplement No. 1 to Part 774.

Export Administration Regulations: Cambodia Country Group Change

The Bureau of Industry and Security (BIS) has issued a final rule amending the Export Administration Regulations (EAR). This change removes Cambodia from Country Group D:5, reflecting its removal from the U.S. arms embargoed destinations list by the Department of State.

BIS General Manager Statement on Villeroy de Galhau Departure

The Bank for International Settlements (BIS) issued a statement from General Manager Pablo Hernández de Cos acknowledging the departure of François Villeroy de Galhau, Governor of the Bank of France, from his role as Chair of the BIS Board of Directors. The BIS will begin the process of appointing a new Chair.

Basel Committee Publishes Synthetic Risk Transfer Analysis Report

The Basel Committee on Banking Supervision has published a report analyzing synthetic risk transfer (SRT) transactions. The report notes that while SRTs appear more prudently structured than pre-GFC transactions, risks associated with their growing use merit continued supervisory monitoring.