Board of Governors of the Federal Reserve ("FRB") Governor Jerome H. Powell spoke at the Annual Community Bankers Conference. He focused on the regulation and supervision of community banks. See : Governor Powell's Remarks.

SEC Acting Director of the Office of Compliance Inspections and Examinations ("OCIE") Marc Wyatt spoke about the previous accomplishments of the OCIE and future exam priorities. Mr. Wyatt provided a recap of the areas in which the OCIE has focused its examinations since the enactment of the Dodd-Frank Act. These include advisers' collection of fees, allocation of expenses, marketing and valuation. He stated that the focus on these areas has resulted in "influence beyond exams," including greater attention and resources paid to compliance programs. Additionally, Mr. Wyatt noted, OCIE

FinCEN presented its first-ever Law Enforcement Awards in recognition of law enforcement agencies' achievements in combating threats to the integrity of the financial system. The award recipients included: SAR Review/Task Force: The Boston Police Department Third-Party Money Launderers: Homeland Security Investigations ("HSI"), New York/El Borado Task Force Transactional Organized Crime: Los Angeles High-Intensity Drug Trafficking Area ("HIDTA"), Internal Revenue Service - Criminal Investigation, Drug Enforcement Agency and HSI Cyber Threats: HSI, New York Significant Fraud: U.S. Naval

The Federal Energy Regulatory Commission ("FERC") proposed revisions to its regulations regarding when to commence assessing annual charges to hydropower licensees and exemptees. The proposed revisions concern licenses and exemptions authorizing unconstructed projects and new capacity. They do not apply to state or municipal entities. Specifically, the FERC proposed to commence assessing annual charges two years from the effective date of a project's license, exemption or amendment authorizing new capacity, rather than on the date on which that project's construction starts. The proposed

The Federal Energy Regulatory Commission ("FERC") proposed a new reliability standard that addresses the vulnerability of electric transmission systems to geomagnetic disturbances ("GMD"). The purpose of the new standard is to support the continued reliable operation of the Bulk-Power System. Specifically, the rulemaking would adopt the proposed standard of the North American Electric Reliability Corporation ("NERC") that sets requirements for transmission planners and owners to assess the vulnerability of their systems to a "benchmark GMD event," which NERC described as a "one-in-100-year"