The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.

New York State Department of Financial Services Superintendent Linda A. Lacewell proposed regulation designed to streamline the disclosure processes of confidential supervisory information to legal counsel and independent auditors.

The FDIC and Federal Reserve Board notice and request for feedback on the use and effectiveness of ratings assigned under the Uniform Financial Institutions Rating System was published in the Federal Register.

A CFTC proposal to extend the implementation date of initial margin requirements for 2020 and 2021 was published in the Federal Register.

A CFTC proposal amending uncleared swap margin regulations to exempt certain transactions from the European Stability Mechanism was published in the Federal Register.

The FDIC and Federal Reserve Board asked for feedback on the use and effectiveness of the Uniform Financial Institutions Rating System.

The CFTC voted to propose amending its uncleared swap margin regulations to (i) extend the implementation date of initial margin requirements, and (ii) exempt certain transactions from uncleared margin requirements.

In its annual Bank Supervision Operating Plan, the Office of the Comptroller of the Currency listed several key areas of focus for FY 2020.

Federal Reserve Board Vice Chair Randal K. Quarles reviewed the contributions of the Financial Stability Board and raised issues that continue to affect the global financial system.

The House approved a bill designed to make bank service company examinations more efficient by improving coordination among regulators.