The Bank of England and the UK Financial Conduct Authority demanded "clear evidence" that firms are preparing for the 2020 market-wide transition from LIBOR.
The NFA provided guidance on the annual affirmation obligations for commodity pool operators and commodity trading advisors that are exempt from CFTC registration.
In a regulatory update, Sidley Austin attorney David M. Katz explained recent SEC treatment of "concentrated debits" under the customer protection rule for certain investment funds
The Federal Reserve Bank of New York analyzed the potential impact of a cyberattack transmitted through a payment system against a (i) single large bank, (ii) group of smaller banks and (iii) common service provider.
The U.S. House of Representatives passed a bill that would require banking regulators to provide an annual report on their efforts to strengthen cybersecurity supervision and regulation of financial institutions.
In a letter to SEC Chair Jay Clayton, the House Committee on Financial Services expressed concern over the lack of ethnic and racial diversity among the SEC's advisory committees.
An SEC proposal to require resource extraction issuers to "disclose payments made to foreign governments or the U.S. federal government for the commercial development of oil, natural gas, or minerals" was published in the Federal Register.
