The Financial Information Forum, Nasdaq, CME and Investment Company Institute recommended changes to the SEC's proposed rules on cybersecurity risk management practices.
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The CFTC postponed the publication of its weekly "Commitments of Traders" report for the week ending February 17, 2023 due to delayed reporting in the wake of a recent cyber attack on a third-party derivatives clearing services provider.
A cryptocurrency exchange settled New York State Department of Financial Services charges for failing to establish a compliance program to satisfy (i) New York banking law and (ii) NYDFS virtual currency, money transmitter, transaction monitoring and cybersecurity regulations.
SEC Director Peter Driscoll described the regulatory and operational challenges of delivering financial services during the pandemic, the issuance of alerts on pandemic and emergent risks (including on cybersecurity), and the roll out of Regulation Best Interest.
At a meeting of the CFTC Technology Advisory Committee, industry representatives considered presentations on automated and modern trading markets, distributed ledger technology and market infrastructure, virtual currencies, and cybersecurity.