In a new risk alert, the SEC Division of Examinations identified common compliance risks observed in examinations of mutual funds and exchange-traded funds.
News & Insights
An FDIC final rule was published in the Federal Register that incorporates the October 2020 revised community bank leverage ratio rule with Interagency Guidelines for Real Estate Lending Policies.
Acting Comptroller of the Currency Michael J. Hsu emphasized that federal financial regulators mean it when they call for no new LIBOR exposure after December 31, 2021, including any "synthetic" or "zombie" LIBOR.
In a newly issued FAQ, the SEC Division of Trading and Markets addressed implementation questions on "regulatory reporting and public dissemination of security-based swap transactions under Regulation SBSR."
FDIC Chair Jelena McWilliams warned that, unless appropriate regulation is provided allowing for banks' engagement with new product developments such as blockchain technologies, these products will inevitably move outside of the traditional banking system.