The CFTC and the Bank of England entered into a Memorandum of Understanding relating to the supervision of clearinghouses operating on a cross-border basis in the United States and the United Kingdom.
News & Insights
In a report called the "Global Transition Roadmap," the Financial Stability Board laid out USD LIBOR transition timelines for market participants with exposure to LIBOR cessation risk.
A U.S. multinational holding company settled potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations.
The National Adjudicatory Council modified the principal considerations in its Sanction Guidelines to expressly include the consideration of age and physical or mental health status when determining the reason that a customer was unable to protect his or her own interests.
SEC Commissioner Hester Peirce urged the SEC to (i) more carefully analyze the definitions of the terms "facility" and "exchange" in the Exchange Act, (ii) develop related guidance and (iii) solicit public comment on current guidance.