A group of fourteen trade associations urged the European Commission to grant an extension for the temporary equivalence for UK central counterparties until certain regulatory implementations have been made under EMIR 2.2 and until the European Securities and Markets Authority.

U.S. Attorney General William P. Barr and UK Home Secretary Priti Patel entered into a cross-border agreement that "will dramatically speed up investigations by removing legal barriers to timely and effective collection of electronic evidence."

The CFTC Division of Market Oversight granted time-limited relief to the Irish bank subsidiary of a UK-based financial institution to act as reporting counterparty for certain swaps with U.S. persons.

The UK Information Commissioner's Office will impose fines for violations of data security rules under the European Union's General Data Protection Regulation.

The G7 competition authorities presented a paper reflecting a common understanding on "how competition plays out in the digital economy."

The U.S. House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit considered testimony on international developments that could affect the U.S. derivatives markets.

CFTC Chair J. Christopher Giancarlo called for the UK and EU to reach a mutually beneficial financial services arrangement before Brexit.

OFAC sanctioned an Argentina-based network of illegal online pharmacies as a "significant foreign narcotics trafficker" under the Foreign Narcotics Kingpin Designation Act.

OFAC designated two individuals and three entities for "acting as conduits for sanctions evasion schemes" for Hizballah finances.

A UK financial institution agreed to settle U.S. Treasury Department Office of Foreign Assets Control charges for violating U.S. sanctions imposed on a number of countries.