ISDA issued a consultation on the implementation of fallbacks for swap rates published by ICE Benchmark Administration. The consultation will be open until July 2, 2021.
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The New York State Department of Financial Services urged the SEC "to act without delay in its climate change disclosure rulemaking."
The SEC appointed Renee Jones as its Division of Corporation Finance Director and John Coates as its General Counsel.
At a Financial Stability Oversight Council meeting on June 11, 2021, Federal Reserve Board Vice Chair for Supervision Randal K. Quarles encouraged the move toward the Secured Overnight Financing Rate and warned banks that the use of USD LIBOR quotes available after December 2021 for new products would create safety-and-soundness risks.
The Office of Information and Regulatory Affairs identified the SEC's short- and long-term regulatory priorities in its Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions.