In remarks to the Financial Stability Oversight Council, SEC Chair Jay Clayton offered observations on the current state of the capital markets and efforts undertaken by the SEC to mitigate systemic risk.

The SEC amended the definitions of "covered clearing agency," "central securities depository services" and "sensitivity analysis" to be applicable to central counterparties and securities depositories.

A broker-dealer settled FINRA charges for operating without sufficient net capital and for related reporting failures.

In separate matters, the SEC charged issuers with fraud for making false statements in press releases regarding products made to combat COVID-19.

In a new staff report on the nexus between central counterparties and clearing member banks, the Bank for International Settlements emphasized the need for central banks to evaluate the two entity types collectively.