The U.S. House of Representatives passed a bill that would require banking regulators to provide an annual report on their efforts to strengthen cybersecurity supervision and regulation of financial institutions.
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.
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.
U.S. Representatives Carolyn B. Maloney (D-NY) and Patrick McHenry (R-NC) introduced a bill that would require all eight U.S. financial regulators to enact a set of data collection and dispersion standards for reported information.
SEC Chief Accountant Wesley Bricker reviewed the implementation of the new Generally Accepted Accounting Principles standards, the new auditor's reporting model, and the role of distributed ledger technology in financial reporting.
IOSCO published a consultation report containing a series of recommendations that are intended to increase transparency and the availability of public information in the secondary corporate bond markets.