At an ISDA Derivatives Forum, SEC Commissioner Hester Peirce cautioned against "build[ing] a neat set of [environmental, social and governance metrics] that then get incorporated into a whole array of financial transactions."
The CFTC staff granted swap dealers no-action relief from certain "transaction-level" requirements in an effort to maintain the regulatory status quo following the UK's exit from the European Union.
The People's Bank of China confirmed that the digital yuan (or renminbi) can be used for cross-border transactions, in addition to functioning as a domestic retail payment.
The SEC moved forward on proposed substituted compliance determination for UK- and French-regulated firms that register as security-based swap dealers.
The SEC published in the Federal Register an interim final rule amending Forms 20-F, 40-F, 10-K and N-CSR for registrants required to comply with disclosure and submission requirements under the Holding Foreign Companies Accountable Act.
The Federal Reserve Board compiled FAQs on existing interpretations from Orders, rulemakings, letters to institutions and other written and verbal guidance.
Financial Stability Board Chair Randal K. Quarles identified nonbank financial intermediation, money market funds and cross-border payments as the FSB's priority areas for 2021.
The SEC adopted interim final amendments to certain annual reporting forms. The amendments apply to registrants that have to comply with disclosure and submission requirements under the Holding Foreign Companies Accountable Act.
Federal Reserve Board Chair Jerome Powell emphasized the importance of collaboration to create a more inclusive, efficient and transparent cross-border payments ecosystem.
FIA highlighted key priorities and encouraged President Biden to take action to promote global market access, regulatory harmonization, smart innovation and sustainability.
