In an annual report, the SEC Division of Examinations identified current risks for investors and registrants and highlighted key areas for examination in 2024.
News & Insights
SEC Chair Gary Gensler identified new challenges and risks posed by artificial intelligence to market participants and the greater financial system.
The Basel Committee on Banking Supervision proposed amendments to its Core Principles for Effective Banking Supervision in response to recent global financial developments and emerging risks.
The SEC proposed (i) amendments to current requirements on clearing agencies’ risk-based margin systems and (ii) a new rule on the content of clearing agencies' recovery and wind-down plans. On May 24, representatives from J.P. Morgan, Wells Fargo, Sia Partners and Fried Frank will address the implications of this rulemaking and the SEC's separate proposal on mandatory central clearing.
SEC Chair Gary Gensler warned that finance is a "complex, interconnected, global network, with many transmission channels by which financial fires might spread." He likened the SEC efforts on promoting financial resiliency to that of "fire prevention and firefighting equipment," and highlighted steps taken to address regulatory gaps.