The New York State Department of Financial Services proposed guidance on the use of "artificial intelligence systems and external consumer data and information sources in insurance underwriting and pricing."
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At a hearing before the House Financial Service Committee, FTX's new CEO John J. Ray III testified on the events leading up to the company's collapse.
SIFMA and the American Bankers Association updated their analysis of an SEC Staff Accounting Bulletin, which sets out the required accounting treatment for the holding of crypto-assets by a custodian.
In response to a Financial Stability Board Consultation Paper on the adequacy of central counterparty ("CCP") financial resources for recovery and resolution, three financial industry trade associations argued that a "better balance between loss allocation to clearing participants and loss allocation to CCPs would promote better outcomes..."
The New York Department of Financial Services recovered more than $60 million as a result of consumer and health care provider complaints filed in 2021.