The Federal Reserve Bank of New York analyzed the potential impact of a cyberattack transmitted through a payment system against a (i) single large bank, (ii) group of smaller banks and (iii) common service provider.
SEC Commissioner Elad L. Roisman urged financial regulators to consider the benefits of applying certain elements of current oversight of the equity markets to the market for U.S. government securities.
The Office of the Comptroller of the Currency updated the following booklets of the Comptroller's Handbook: "Bank Premises and Equipment," "Consigned Items and Other Customer Services," and "Litigation and Other Legal Matters."
A broker-dealer agreed to settle FINRA charges that it failed to "establish, document, and maintain" a system of adequate risk management controls and supervisory procedures designed to manage financial and regulatory risks regarding market access.
A broker-dealer agreed to pay $1.1 million to settle charges brought by FINRA and eight securities exchanges for a variety of trading control failures, including failure to have procedures to prevent erroneous or duplicative orders and other risk management deficiencies.