CFTC Commissioner Dawn D. Stump advocated for the frequent re-visitation and refinement of swaps rule sets by regulators to ensure that regulations are current with the market environment.
News & Insights
In its Report on Objectives for Fiscal Year 2022, the SEC Office of the Investor Advocate stated that it will focus on environmental, social and governance disclosure, Rule 10b5-1 plans, capital-raising alternatives, equity market structure and cryptocurrency.
Federal Reserve Board Vice Chair for Supervision Randal K. Quarles questioned the value of developing a U.S. central bank digital currency, considering that (i) the U.S. dollar payment system operates very well, (ii) the potential benefits of a Federal Reserve CBDC are ambiguous and (iii) the development of a CBDC may pose substantial risks.
The CFPB adopted amendments to regulations on real estate settlement procedures that facilitate the review of foreclosure avoidance options for mortgage borrowers impacted by the COVID-19 pandemic.
The FDIC modified its approach to implementing the agency's rule on resolution plans for certain insured depository institutions with $50 billion or more in total assets.