The Federal Reserve Bank of New York ("NY Fed") released an update regarding the Tri-Party Repo Infrastructure Reform Task Force. The update highlighted recent progress, as well as unresolved areas that require additional work. The NY Fed mentioned several areas of progress, including the completion of the final part of Bank of New York Mellon's new settlement process for three-party repurchase agreements ("tri-party repos"). The update stated that as a result, the share of tri-party repo volume that is financed with intraday credit from a clearing bank has dropped markedly. The NY Fed stated

The Federal Reserve Bank of New York ("NY Fed") issued a staff paper that describes the NY Fed's supervisory approach to large and complex financial companies. The paper explains how prudential supervisory activities are structured, staffed and implemented on a day-to-day basis. According to the NY Fed, the purpose of the paper is to offer insights to those who are not involved in supervision and do not know what supervisors do or how they do it. The paper draws from multiple sources, including a series of discussions with the NY Fed's Financial Institution Supervision Group, as well as a

The SEC Division of Corporation Finance updated the questions that concern Regulation A in its Compliance and Disclosure Interpretations. Specifically, the Division added the following: Question 182.01, to discuss filing requirements for nonpublic documents pursuant to Rule 252(d) of Regulation A; Question 182.02, to discuss the confidential treatment of information pursuant to Rule 83; Question 182.03, to discuss what qualifies as a "principal place of business" for purposes of Rule 251(b) of Regulation A; Question 182.04, to discuss who qualifies as an eligible issuer pursuant to Rule 251(b)

GAO issued a report in response to recent data breaches at federal agencies. The report offered recommendations to improve government-wide cybersecurity initiatives. GAO identified a number of challenges faced by federal agencies regarding threats to cybersecurity, including the following: designing and implementing a risk-based cybersecurity program; enhancing the oversight of contractors who provide IT services; improving security-incident-response activities; responding to breaches of personal information; and implementing cybersecurity programs at small agencies. In an effort to improve

U.S. persons with financial interests in, or signature authority over, foreign financial accounts must file an FBAR (FinCEN Form 114) by June 30 if the value of their foreign financial accounts, in the aggregate, exceeded $10,000 at any time during the previous calendar year. Foreign financial accounts include securities, brokerage, savings, checking and deposit accounts that are maintained with a financial institution, as well as commodity futures or options accounts, certain insurance policies, and shares in a mutual fund or similar pooled fund, if the account, in each case, is located