The Federal Reserve Board proposed amendments to the operational risk management standard of Regulation HH governing the operations related to the payment, clearing and settlement activities of certain designated financial market utilities to account for changes in the operational risk, technology and regulatory landscapes.
Treasury Under Secretary for Domestic Finance Nellie Liang outlined Treasury's recommendations for addressing risks identified in recent reports on the responsible development of digital assets.
In separate hearings, the Senate Banking Committee and the House Financial Services Committee heard testimony from CEOs of the largest U.S. banks on a broad range of public policy and compliance matters.
Senate Banking Committee Ranking Member Pat J. Toomey (R-PA) requested information from 12 ESG ratings firms as to how they calculate companies' ESG scores.
President Joseph R. Biden will nominate Travis Hill to be Vice Chair of the FDIC Board of Directors and Jonathan McKernan to be a General Board Member.