The SEC launched an "Interagency Securities Council" to encourage more collaboration among law enforcement professionals on "the latest in scams, trends, frauds, and mitigation strategies."
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Acting Comptroller of the Currency Michael J. Hsu warned of risks posed by three trends reshaping banking: (i) the growing number and size of large banks, (ii) the complexity of bank-nonbank relationships and (iii) polarization.
The SEC requested comments on an application by a new equity trading platform "seeking approval as the first stock market in the U.S. dedicated to the emerging $50+ trillion global green economy."
In a new report, the Futures Industry Association highlighted best practices for managing risks associated with automated trading.
In a bipartisan report, the House Financial Services Committee's AI Working Group considered the role of the Committee as to the development and integration of AI in the economy.