Gray list

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Gray list

Formal roster of stocks that can be traded by the block desks, but not in risk arbitrage because an investment bank is involved with the company on nonpublic activity (e.g., mergers and acquisitions defense). A stock's presence on this list should never be conveyed to anyone outside the trading area, much less outside the firm. See: Restricted list.

Gray List

A list of stocks in which the risk arbitrage division of an investment bank is not allowed to invest. However, the block trading division is allowed to invest in companies on the gray list. The gray list consists of companies working closely with the investment bank on any number of projects, but especially mergers and acquisitions. Because of this, the gray list is unpublished and may not be known outside this risk arbitrage division.
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The FATF put it back on the grey list in June 2018 asking Islamabad to implement strict actions against terror financing and money laundering cases operating from its soil.
Addressing a seminar on 'IMF Extended Fund Facility Arrangement for Pakistan' at the University of Peshawar on Wednesday, Ms Sanchez said the risks of the FATF grey list and non-compliance of fiscal measures by the government loomed large over the programme.
But Daban acknowledged the hard work that Pakistan was putting to exit from the FATF grey list. Pakistan was placed on the FATF list in June 2018 owing to shortcomings in effectively addressing terrorist financing risks.
Pakistan was in constant touch with Turkey and other friendly countries to use their good offices to help it in moving out of the grey list. Pakistan had faced a similar situation in 2011 when it was included in the grey list and was taken out only in 2015 after it successfully implemented an action plan.
The FATF had placed Pakistan on grey list during FATF Plenary in Paris in June 2018 for not acting against terror financing on its soil.
While meeting, Ambassador Jean Francois Cautain said that we are ready to help Pakistan to come out of the grey list of FATF and it is a matter of fact that Pakistan and its people have made tremendous sacrifices to bring peace and security to this country.
In the run-up to the FATF plenary in Orlando, Florida from June 16-21, the report stated, Pakistan will, at the very least, remain in the grey list which it went back into in 2018.
We have to get Pakistan out of the grey list and to make Pakistan's image better on an international level, Iqbal asserted.
In February, FATF an inter-governmental body whose purpose is development and promotion of policies, at national and international levels, to combat money laundering and terror financing- expressed dissatisfaction with Islamabad's efforts to implement its plan of action to get its name removed from the grey list. The major concern of the FATF includes Pakistan's lack of action or absence of comprehensive plan to freeze assets and impose other restrictions on individuals and entities listed by the UNSC Sanctions Committee under resolution 1267.
The Pakistan central bank has said that the nation would be out of Financial Action Task Force's (FATF's) grey list by September.
BANKING AND CREDIT NEWS-April 5, 2019--Central bank says Pakistan will exit terror financing watchdog's grey list by September
'All relevant parties need to continue to work hard and in a more unified manner to get the country out of the [Financial Action Task Force's (FATF's)] grey list as soon as possible.'