CFTC Chair Rostin Behnam outlined the CFTC's 2023-2024 rulemaking agenda, which focuses on (i) enhancing risk management and investor protections, (ii) facilitating responsible innovation, (iii) the role of climate-related factors on commodity markets and (iv) expanding oversight over crypto markets.
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A Federal Reserve Board policy that states that the Board will exercise its discretion under the Federal Reserve Act to limit state member banks to engaging as principal in only those activities that are permissible for national banks became effective on February 7, 2023.
The SEC Division of Examinations outlined its annual priorities for 2023. The new report includes a heightened focus on RIA regulation, private investment fund RIAs, ESG-focused investing, Regulation Best Interest for broker-dealers and the fiduciary standard for advisers.
Treasury reviewed the benefits and risks arising from the increased use of cloud services technology by financial sector firms.
A U.S.-based cryptocurrency exchange settled SEC charges for failing to register the offer and sale of its crypto asset "staking-as-a-service" program.