Commentary by Steven Lofchie
The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.
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SEC Division of Investment Management Director Dalia Blass requested industry engagement on (i) fund innovation, (ii) the SEC's derivatives proposal, (iii) affiliated securities lending and (iv) the fund disclosure regime.
DOJ Assistant Attorney General Brian A. Benczkowski highlighted the Criminal Division Foreign Corrupt Practices Act Unit's prosecutorial achievements and policy initiatives in 2019.
The CFTC adopted final rule amendments that incorporate CFTC staff guidance on CPO and CTA registration and reporting requirements.