The U.S. House of Representatives passed a bill that would require banking regulators to provide an annual report on their efforts to strengthen cybersecurity supervision and regulation of financial institutions.
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The Federal Reserve Bank of New York analyzed the potential impact of a cyberattack transmitted through a payment system against a (i) single large bank, (ii) group of smaller banks and (iii) common service provider.
An SEC proposal to require resource extraction issuers to "disclose payments made to foreign governments or the U.S. federal government for the commercial development of oil, natural gas, or minerals" was published in the Federal Register.
An SEC proposal to update its "auditor independence" rules and codify certain staff consultations was published in the Federal Register.
After conducting a retrospective review, FINRA determined that it will leave its "Payments for Market Making" rule unchanged.