The Federal Reserve Board extended the termination date of its Paycheck Protection Program Liquidity Facility from June 30, 2021 to July 31, 2021.
News & Insights
A broker-dealer settled FINRA charges for failing to maintain a supervisory system reasonably designed to ensure that its representatives were not recommending unsuitable short-term transactions in Unit Investment Trusts.
The Federal Reserve Board reported the results of the Dodd-Frank Act Stress Test 2021. The FRB concluded that the 23 participating firms "have sufficient capital levels to absorb losses during stressful conditions."
ISDA highlighted the key changes in the 2021 ISDA Interest Rate Derivatives Definitions. The booklet provides "the framework for documenting over-the-counter interest rate derivatives transactions."
An FDIC proposed amendment to align the agency's Guidelines for Real Estate Lending Policies with the October 2020 revised community bank leverage ratio rule was published in the Federal Register.