The HM Treasury, Bank of England and the Financial Conduct Authority commended banks for their services to customers and businesses affected by the COVID-19 outbreak.
A foreign private issuer settled SEC charges for failing to make required disclosures concerning certain "trends and uncertainties" that resulted in materially misleading financial results.
The DOJ charged four Chinese military personnel with breaking into Equifax's protected computers and stealing approximately 145 million Americans' personal information.
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 U.S. House Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit considered testimony on international developments that could affect the U.S. derivatives markets.
OFAC sanctioned an Argentina-based network of illegal online pharmacies as a "significant foreign narcotics trafficker" under the Foreign Narcotics Kingpin Designation Act.
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.
The CFTC Division of Swap Dealer and Intermediary Oversight granted temporary no-action relief to a global financial institution from the requirement to be registered as an introducing broker.
The SEC and Financial Conduct Authority signed two Memoranda of Understanding to ensure continued cooperation with respect to the oversight of regulated entities across borders.
The SEC Division of Corporation Finance granted an exemption to a UK-based company from an Exchange Act rule barring purchases outside of a tender offer.
The CFTC Division of Swap Dealer and Intermediary Oversight granted relief to a futures commission merchant and an investment firm from certain requirements related to the treatment of customer funds for trading in foreign futures and foreign options contracts.
ISDA advocated for a cooperation-based approach to central counterparty regulation and warned that a "location policy" would present significant risks.
The UK Financial Conduct Authority advised market participants that firms engaging in business related to cryptocurrency derivatives must comply with applicable FCA and European Union rules.
