The heads of the UK Financial Conduct Authority and the Federal Reserve Bank of New York, acting as co-chairs of the Financial Stability Board's ("FSB") Official Sector Steering Group ("OSSG"), encouraged ISDA to seek market feedback on the addition of a third "trigger event" in fallback language that would trigger derivatives referencing IBOR floating rates to move to the adjusted alternative rate. ISDA has indicated that it would seek feedback for IBORs that were the subject of its now-closed July 2018 Consultation, and is considering adding a "pre-cessation" event in its upcoming

The SEC staff will host a forum on distributed ledger technology and digital assets on May 31, 2019. The forum is organized by the SEC's Strategic Hub for Innovation and Financial Technology (FinHub). The upcoming forum, which will be held at the SEC's Washington D.C. headquarters, is designed to encourage communication and understanding on issues pertaining to distributed ledger technology and digital assets.

The SEC charged an automotive manufacturing company, two of its subsidiaries and its former CEO (collectively, the "Defendants") with defrauding U.S. investors by making a series of deceptive claims about the company’s "clean diesel" fleet while issuing billions of dollars' worth of corporate bonds and other securities. In a Complaint filed in the U.S. District Court of the Northern District of California, the SEC alleged that Volkswagen Aktiengesellschaft ("Volkswagen") issued over $13 billion in bonds and asset-backed securities in the U.S. markets while senior executives were aware that

U.S. prudential regulators adopted an interim final rule to add certain Brexit-related exceptions from swaps margin requirements. According to the prudential regulators ( i.e., the Federal Reserve Board, Office of the Comptroller of the Currency, FDIC, Farm Credit Administration, and the Federal Housing Finance Agency), the new provision is intended to preserve the status quo for "legacy" swaps in the event of a "no-deal" Brexit. The new rule provides that certain swaps will not lose their "legacy" status ( i.e., excluded from the scope of margin rules) as a result of changes made in response

The U.S. Treasury Department Office of Foreign Assets Control ("OFAC") designated six Russian individuals and eight entities for "continued and ongoing" actions against Ukraine. OFAC said that the action targets individuals and entities for their alleged role in Russia's "unjustified" attacks on Ukrainian naval vessels and supporting illegitimate separatist government elections in Ukraine. This action complements sanctions undertaken by the EU and Canada. As a result of OFAC's designations, all property and interests in property of the designated individuals and entities are blocked, and U.S