Comptroller of the Currency Jonathan V. Gould abstained from a vote on FDIC staff feedback letters regarding the resolution plans of U.S. global systemically important banks.
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The FDIC proposed rules to require state-chartered bank subsidiaries that issue payment stablecoins to maintain anti-money-laundering, sanctions and reporting programs aligned with FinCEN and OFAC requirements.
The UK Financial Conduct Authority, the Bank of England and HM Treasury urged. regulated firms and financial market infrastructures to step up cyber defenses across governance, vulnerability management, third-party oversight, protection and recovery.
The House Financial Services Subcommittee on Oversight and Investigations will examine the convergence of Chinese money laundering networks and cartel financing in the U.S. financial system.
The SEC exempted the directors and officers of foreign private issuers based in Australia, India or Singapore from filing required insider-transaction reports, provided they comply with comparable home-country disclosure rules.