The Financial Action Task Force updated the list of jurisdictions with strategic deficiencies in combating anti-money laundering and countering the financing of terrorism.
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Federal Reserve Board Vice Chair for Supervision Randal Quarles described the vulnerabilities of nonbank financial intermediation, revealed by COVID-19 related shocks to the financial markets.
The Financial Stability Oversight Council and the Financial Stability Board considered the "post-LIBOR transition landscape" and steps forward to ensure market resilience.
The Financial Stability Board published additional guidance on resolution planning for financial institutions.
In a report called the "Global Transition Roadmap," the Financial Stability Board laid out USD LIBOR transition timelines for market participants with exposure to LIBOR cessation risk.