The Government Accountability Office detailed how US regulators played a key role in shaping the Basel III capital standards. The standards, which revise methods for estimating a bank's risks and capital requirements, have not yet been implemented in the US.
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FinCEN warned financial institutions to identify and report transactions "potentially related to cross-border smuggling of bulk cash."
The Office of the Comptroller of the Currency will no longer follow interagency guidance on climate-related risk management for large financial institutions.
CFTC Division of Clearing and Risk staff withdrew an advisory letter on the risks of derivatives clearing organizations clearing of digital assets. Staff said it was taking this action to avoid implying that digital asset derivatives are treated differently from other products.
House Republicans urged the SEC to reform current rules on shareholder proposals, warning that "the politicization of the proxy process continues to place a substantial burden on public companies[.]"