Twelve municipal advisors settled separate SEC enforcement actions for supervisory failures and record keeping violations concerning off-channel communications.
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Republican leaders on the House Financial Services Committee urged the GAO to investigate banking regulators' involvement with the international "Network of Central Banks and Supervisors for Greening the Financial System."
Federal Reserve Board Governor Michelle W. Bowman called for a "fundamental rethink" of the Fed's stress testing framework and the Stress Capital Buffer requirements for large banks.
Senate Banking Committee Ranking Republican Tim Scott called for a complete withdrawal and re-proposal of the Basel III Endgame framework; House Financial Service Committee Democrats applauded Fed Vice Chair for Supervision Michael Barr's announcement that he will recommend a re-proposal of the rules.
A firm settled FINRA charges for failing to maintain an anti-money laundering compliance program designed to detect and report suspicious transactions involving low-priced securities.