US signs assistance agreement with Peru. The US Department of the Treasury’s Office of Technical Assistance (OTA) announced that the United States signed a bilateral arrangement with Peru outlining the terms and priorities of a banking and financial services project that will help Peru develop a national strategy to expand access to financial services for underserved sectors of the population. This is the third arrangement to be signed with the Government of Peru, and signals a transition from OTA’s intermittent work promoting financial inclusion to engagement on a steady, long-term basis. The arrangement also complements OTA projects already in place in Peru to combat economic crimes and facilitate financing for infrastructure development. (8/26/2014) Treasury Department press release.
US Department of Labor requests information on brokerage windows. The US Department of Labor has requested information on the use of brokerage windows, self-directed brokerage accounts and similar plans. Information concerning the scope of available investment options, the demographics of those who use them and the costs associated with brokerage windows is specifically sought. Comments should be submitted by November 19, 2014. (8/20/2014) Labor Department press release.