At the SIFMA annual meeting, SEC Chair Gary Gensler highlighted potential areas for reform across the Treasury, non-Treasury fixed income, equity and security-based swaps markets.

At a hearing before the Senate Banking Committee, Alternative Reference Rates Committee Chair Thomas Wipf advocated for Congressional passage of uniform, federal legislation to address LIBOR legacy contract transition issues and "avoid the disruptions, market uncertainties, and confusion that would otherwise occur when LIBOR ends."

The Financial Action Task Force updated its "Virtual Assets and Virtual Asset Service Providers" guidance for national authorities and private entities on money laundering and terrorist financing concerns arising from virtual asset activities.

The SEC published in the Federal Register an MSRB proposal to extend until June 30, 2022, relief permitting remote internal inspections for calendar year 2022. The MSRB proposal is immediately effective with an operative date of January 1, 2022.