Industry groups offered recommendations on an SEC proposal to establish a regulatory framework for fund valuation practices.
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The OCC confirmed that state and national banks and thrifts may provide cryptocurrency and digital asset custody services, including by holding "unique cryptographic keys."
The CFTC voted to adopt new rules to address the cross-border application of a number of swaps requirements. The CFTC also withdrew prior "ANE" guidance, issued a related no-action letter and amended a previous order exempting certain SEFs from registration.
The Alternative Reference Rates Committee identified recommended conventions for interest calculations using the daily Secured Overnight Financing Rate for syndicated business loans.
A broker-dealer settled FINRA charges for failing to (i) transmit required reportable order events to the Order Audit Trail System and (ii) include complete and accurate information in required quarterly reports.