Open Meeting of the Advisory Committee on Risk-Sharing Mechanisms, 56811-56812 [2024-15083]

Download as PDF ddrumheller on DSK120RN23PROD with NOTICES1 Federal Register / Vol. 89, No. 132 / Wednesday, July 10, 2024 / Notices a well-founded basis (and maintain sufficient written documentation of that legal review) that: (i) the agreement meets the requirements of the definition of qualifying master netting agreement in section 50.3 and (ii) in the event of a legal challenge, the relevant judicial and administrative authorities would find the agreement to be legal, valid, binding, and enforceable under the law of the relevant jurisdictions. Section 50.4(a)(2) also requires a covered bank to establish and maintain written procedures to monitor possible changes in relevant law and to ensure that the agreement continues to satisfy the requirements of the definition of qualifying master netting agreement in section 50.3. Section 50.22(a)(1) requires a covered bank to demonstrate the operational capability to monetize the bank’s HQLA (i.e., high-quality liquid assets) by implementing and maintaining procedures and systems to monetize any HQLA at any time in accordance with relevant standard settlement periods and procedures and periodically monetizing a sample of the HQLA that reflects the composition of the covered bank’s eligible HQLA. Section 50.22(a)(2) requires a covered bank to implement policies that require the eligible HQLA to be under the control of the management function in the covered bank that is charged with managing liquidity risk. The management function must evidence its control over the HQLA by segregating the HQLA from other assets, with the sole intent to use the HQLA as a source of liquidity, or by demonstrating the ability to monetize the assets and making the proceeds available to the liquidity management function without conflicting with a business or risk management strategy of the covered bank. Section 50.22(a)(4) requires a covered bank to implement and maintain policies and procedures that determine the composition of its eligible HQLA on each calculation date by identifying, determining, and ensuring certain required steps. Section 50.22(a)(5) requires a covered bank to have a documented methodology that results in a consistent treatment for determining that the covered bank’s eligible HQLA meets the requirements of section 50.22. Section 50.109(b) provides that if a covered bank includes an ASF (i.e., available stable funding) amount in excess of the RSF (i.e., required stable funding) amount of the consolidated subsidiary, it must implement and maintain written procedures to identify and monitor applicable statutory, VerDate Sep<11>2014 18:33 Jul 09, 2024 Jkt 262001 regulatory, contractual, supervisory, or other restrictions on transferring assets from the consolidated subsidiaries. These procedures must document which types of transactions the institution could use to transfer assets from a consolidated subsidiary to the institution and how these types of transactions comply with applicable statutory, regulatory, contractual, supervisory, or other restrictions. Estimated Burden: Estimated Frequency of Response: On occasion, annual. Estimated Number of Respondents: 15. Estimated Total Annual Burden: 735 hours. Comments: On April 16, 2024, the OCC published a 60-day notice for this information collection, 89 FR 27001. No comments were received. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the OCC, including whether the information has practical utility; (b) The accuracy of the OCC’s estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Patrick T. Tierney, Assistant Director, Office of the Comptroller of the Currency. [FR Doc. 2024–15081 Filed 7–9–24; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Open Meeting of the Advisory Committee on Risk-Sharing Mechanisms Departmental Offices, U.S. Department of the Treasury. ACTION: Notice of open meeting. AGENCY: This notice announces that the U.S. Department of the Treasury’s Advisory Committee on Risk-Sharing Mechanisms (ACRSM) will meet in the Cash Room, 1500 Pennsylvania Avenue NW, Washington, DC 20220, from 2:00 p.m.–4:00 p.m. Eastern Time, August 1, 2024. The Committee meeting will be held in person and virtually and is open to the public. SUMMARY: PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 56811 Thursday, August 1, from 2:00 p.m.–4:00 p.m. Eastern Time. ADDRESSES: The Committee meeting will be held in the Cash Room, Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington, DC 20220 and via teleconference. The meeting will be open to the public. Because the meeting will be held in a secured facility, members of the public who plan to attend the meeting must register online. Attendees may visit: https://events.treasury.gov/s/ and fill out a secure online registration form. A valid email address will be required to complete online registration. (Note: online registration will close on July 25th or when capacity is reached.) A link to the webcast will be available through the Committee’s website at: https://home.treasury.gov/policy-issues/ financial-markets-financial-institutionsand-fiscal-service/federal-insuranceoffice/terrorism-risk-insurance-program/ advisory-committee-on-risk-sharingmechanisms-acrsm. Requests for reasonable accommodations under Section 504 of the Rehabilitation Act should be directed to Snider Page, Office of Civil Rights and Equal Employment Opportunity, Department of the Treasury at (202) 622–0341, or snider.page@treasury.gov. FOR FURTHER INFORMATION CONTACT: Annette Burris, Senior Insurance Regulatory Policy Analyst, Federal Insurance Office, U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Room 1410 MT, Washington, DC 20220, at (202) 622–2541. Persons who have difficulty hearing or speaking may access this number via TTY by calling the toll-free Federal Relay Service at (800) 877–8339. SUPPLEMENTARY INFORMATION: Notice of this meeting is provided in accordance with the Federal Advisory Committee Act, 5 U.S.C. 1001 et seq., through implementing regulations at 41 CFR 102–3.150. Public Comment: Members of the public wishing to comment on the business of the ACRSM are invited to submit written statements by any of the following methods: DATES: Electronic Statements • Send electronic comments to acrsm@treasury.gov. Paper Statements • Send paper statements in triplicate to the Advisory Committee on RiskSharing Mechanisms, U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW, Room 1410 MT, Washington, DC 20220. In general, the U.S. Department of the Treasury will post all statements on its E:\FR\FM\10JYN1.SGM 10JYN1 ddrumheller on DSK120RN23PROD with NOTICES1 56812 Federal Register / Vol. 89, No. 132 / Wednesday, July 10, 2024 / Notices website https://www.treasury.gov/ initiatives/fio/acrsm/Pages/default.aspx without change, including any business or personal information provided such as names, addresses, email addresses, or telephone numbers. The U.S. Department of the Treasury will also make such statements available for public inspection and copying in the U.S. Department of the Treasury’s Library, 720 Madison Place NW, Room 1020, Washington, DC 20220, on official business days between the hours of 10:00 a.m. and 5:00 p.m. Eastern Time. You can make an appointment to inspect statements by telephoning (202) 622–2000. All statements received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. You should submit only information that you wish to make available publicly. Background: The ACRSM provides advice and recommendations to the Federal Insurance Office (FIO) with respect to (1) the creation and development of non-governmental, private market risk-sharing mechanisms for protection against losses arising from acts of terrorism, and (2) FIO’s administration of the Terrorism Risk Insurance Program (TRIP). Tentative Agenda/Topics for Discussion: This will be the second ACRSM meeting of 2024. In this meeting, the ACRSM will address, consistent with its charter’s mandate, topics related to the role of nongovernmental mechanisms in supporting the terrorism risk insurance market. Specifically, the ACRSM will hear presentations addressing (1) FIO’s partnership with the National Science Foundation (NSF) to establish a new Industry-University Cooperative Research Center (IUCRC) to provide research, analysis, and thought leadership to improve the insurance sector’s modeling and underwriting of terrorism and catastrophic cyber risks.; (2) a presentation by FIO staff on the 2024 Report on the Effectiveness of the Terrorism Risk Insurance Program and the International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) Conference hosted by FIO in April 2024; and (3) a roundtable discussion by the members to provide industry insight, based upon the available data, on the effectiveness of TRIP, terrorism insurance market conditions, ideas for private market risk sharing mechanisms that can offset losses arising from acts of terrorism, and the administration of TRIP. VerDate Sep<11>2014 18:33 Jul 09, 2024 Jkt 262001 Dated: July 3, 2024. Stephanie Schmelz, Deputy Director, Federal Insurance Office. [FR Doc. 2024–15083 Filed 7–9–24; 8:45 am] BILLING CODE 4810–AK–P DEPARTMENT OF VETERANS AFFAIRS Notice of Request for Information on the Department of Veterans Affairs Registered Radiologist Assistant Standard of Practice Department of Veterans Affairs. Request for information. AGENCY: ACTION: The Department of Veterans Affairs (VA) is requesting information to assist in developing a national standard of practice for VA Registered Radiologist Assistants. VA seeks comments on various topics to help inform VA’s development of this national standard of practice. DATES: Comments must be received on or before September 9, 2024. ADDRESSES: Comments must be submitted through https:// www.regulations.gov/. Except as provided below, comments received before the close of the comment period will be available at https:// www.regulations.gov/ for public viewing, inspection, copying, including any personally identifiable or confidential business information that is included in a comment. We post the comments received before the close of the comment period on the following website as soon as possible after they have been received: https:// www.regulations.gov/. VA will not post on https://www.regulations.gov/ public comments that make threats to individuals or institutions or suggest that the commenter will take actions to harm the individual. VA encourages individuals not to submit duplicative comments. We will post acceptable comments from multiple unique commenters even if the content is identical or nearly identical to other comments. Any public comment received after the comment period’s closing date will not be accepted. FOR FURTHER INFORMATION CONTACT: Ethan Kalett, Office of Governance, Regulations, Appeals and Policy (10B– GRAP), Veterans Health Administration, Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC 20420, 202–461–0500. This is not a tollfree number. SUPPLEMENTARY INFORMATION: SUMMARY: PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 Authority Chapters 73 and 74 of 38 U.S.C. and 38 U.S.C. 303 authorize the Secretary to regulate VA health care professions to make certain that VA’s health care system provides safe and effective health care by qualified health care professionals to ensure the well-being of those veterans who have borne the battle. On November 12, 2020, VA published an interim final rule confirming that VA health care professionals may practice their health care profession consistent with the scope and requirements of their VA employment, notwithstanding any State license, registration, certification, or other State requirements that unduly interfere with their practice. 38 CFR 17.419; 85 FR 71838. Specifically, this rulemaking confirmed VA’s current practice of allowing VA health care professionals to deliver health care services in a State other than the health care professional’s State of licensure, registration, certification, or other State requirement, thereby enhancing beneficiaries’ access to critical VA health care services. The rulemaking also confirmed VA’s authority to establish national standards of practice for its health care professionals which would standardize a health care professional’s practice in all VA medical facilities, regardless of conflicting State laws, rules, regulations, or other State requirements. The rulemaking explained that a national standard of practice describes the tasks and duties that a VA health care professional practicing in the health care profession may perform and may be permitted to undertake. Having a national standard of practice means that individuals from the same VA health care profession may provide the same type of tasks and duties regardless of the State where they are located or the State license, registration, certification, or other State requirement they hold. We emphasized in the rulemaking and reiterate here that VA will determine, on an individual basis, that a health care professional has the proper education, training, and skills to perform the tasks and duties detailed in the national standard of practice, and that they will only be able to perform such tasks and duties after they have been incorporated into the individual’s privileges, scope of practice, or functional statement. The rulemaking explicitly did not create any such national standards and directed that all national standards of practice would be subsequently created via policy. E:\FR\FM\10JYN1.SGM 10JYN1

Agencies

DEPARTMENT OF THE TREASURY

[Federal Register Volume 89, Number 132 (Wednesday, July 10, 2024)]
[Notices]
[Pages 56811-56812]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-15083]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Open Meeting of the Advisory Committee on Risk-Sharing Mechanisms

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice of open meeting.

-----------------------------------------------------------------------

SUMMARY: This notice announces that the U.S. Department of the 
Treasury's Advisory Committee on Risk-Sharing Mechanisms (ACRSM) will 
meet in the Cash Room, 1500 Pennsylvania Avenue NW, Washington, DC 
20220, from 2:00 p.m.-4:00 p.m. Eastern Time, August 1, 2024. The 
Committee meeting will be held in person and virtually and is open to 
the public.

DATES: Thursday, August 1, from 2:00 p.m.-4:00 p.m. Eastern Time.

ADDRESSES: The Committee meeting will be held in the Cash Room, 
Department of the Treasury, 1500 Pennsylvania Ave. NW, Washington, DC 
20220 and via teleconference. The meeting will be open to the public. 
Because the meeting will be held in a secured facility, members of the 
public who plan to attend the meeting must register online. Attendees 
may visit: https://events.treasury.gov/s/ and fill out a secure online 
registration form. A valid email address will be required to complete 
online registration. (Note: online registration will close on July 25th 
or when capacity is reached.)
    A link to the webcast will be available through the Committee's 
website at: https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/federal-insurance-office/terrorism-risk-insurance-program/advisory-committee-on-risk-sharing-mechanisms-acrsm. Requests for reasonable accommodations under Section 
504 of the Rehabilitation Act should be directed to Snider Page, Office 
of Civil Rights and Equal Employment Opportunity, Department of the 
Treasury at (202) 622-0341, or [email protected].

FOR FURTHER INFORMATION CONTACT: Annette Burris, Senior Insurance 
Regulatory Policy Analyst, Federal Insurance Office, U.S. Department of 
the Treasury, 1500 Pennsylvania Ave. NW, Room 1410 MT, Washington, DC 
20220, at (202) 622-2541. Persons who have difficulty hearing or 
speaking may access this number via TTY by calling the toll-free 
Federal Relay Service at (800) 877-8339.

SUPPLEMENTARY INFORMATION: Notice of this meeting is provided in 
accordance with the Federal Advisory Committee Act, 5 U.S.C. 1001 et 
seq., through implementing regulations at 41 CFR 102-3.150.
    Public Comment: Members of the public wishing to comment on the 
business of the ACRSM are invited to submit written statements by any 
of the following methods:

Electronic Statements

     Send electronic comments to [email protected].

Paper Statements

     Send paper statements in triplicate to the Advisory 
Committee on Risk-Sharing Mechanisms, U.S. Department of the Treasury, 
1500 Pennsylvania Ave. NW, Room 1410 MT, Washington, DC 20220.
    In general, the U.S. Department of the Treasury will post all 
statements on its

[[Page 56812]]

website https://www.treasury.gov/initiatives/fio/acrsm/Pages/default.aspx without change, including any business or personal 
information provided such as names, addresses, email addresses, or 
telephone numbers. The U.S. Department of the Treasury will also make 
such statements available for public inspection and copying in the U.S. 
Department of the Treasury's Library, 720 Madison Place NW, Room 1020, 
Washington, DC 20220, on official business days between the hours of 
10:00 a.m. and 5:00 p.m. Eastern Time. You can make an appointment to 
inspect statements by telephoning (202) 622-2000. All statements 
received, including attachments and other supporting materials, are 
part of the public record and subject to public disclosure. You should 
submit only information that you wish to make available publicly.
    Background: The ACRSM provides advice and recommendations to the 
Federal Insurance Office (FIO) with respect to (1) the creation and 
development of non-governmental, private market risk-sharing mechanisms 
for protection against losses arising from acts of terrorism, and (2) 
FIO's administration of the Terrorism Risk Insurance Program (TRIP).
    Tentative Agenda/Topics for Discussion: This will be the second 
ACRSM meeting of 2024. In this meeting, the ACRSM will address, 
consistent with its charter's mandate, topics related to the role of 
nongovernmental mechanisms in supporting the terrorism risk insurance 
market. Specifically, the ACRSM will hear presentations addressing (1) 
FIO's partnership with the National Science Foundation (NSF) to 
establish a new Industry-University Cooperative Research Center (IUCRC) 
to provide research, analysis, and thought leadership to improve the 
insurance sector's modeling and underwriting of terrorism and 
catastrophic cyber risks.; (2) a presentation by FIO staff on the 2024 
Report on the Effectiveness of the Terrorism Risk Insurance Program and 
the International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) 
Conference hosted by FIO in April 2024; and (3) a roundtable discussion 
by the members to provide industry insight, based upon the available 
data, on the effectiveness of TRIP, terrorism insurance market 
conditions, ideas for private market risk sharing mechanisms that can 
offset losses arising from acts of terrorism, and the administration of 
TRIP.

    Dated: July 3, 2024.
Stephanie Schmelz,
Deputy Director, Federal Insurance Office.
[FR Doc. 2024-15083 Filed 7-9-24; 8:45 am]
BILLING CODE 4810-AK-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.