The Office of Management and Budget found that (i) agencies' responses to cybersecurity threats are "not consistently implemented," and (ii) the loss or theft of government computers and physical storage media is the single biggest cybersecurity threat to federal agencies.
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President Trump announced his intent to nominate J. Christopher Giancarlo as CFTC Chair.
FDIC Vice Chair Thomas Hoenig proposed regulatory relief for financial holding companies that are engaged in nontraditional banking activities, so long as those activities are walled off sufficiently from the bank itself.
The White House endorsed Congressional resolutions of disapproval that would nullify two Department of Labor rules related to savings arrangements.
President Trump signed an Executive Order that directs the Office of Management and Budget Director to propose a "plan to reorganize the executive branch in order to improve the efficiency, effectiveness and accountability of agencies."