At the second annual Conference on Emerging Trends in Asset Management, SEC Chair Gary Gensler and SEC Director of the Division of Investment Management Natasha Vij Greiner highlighted trends in asset management products and strategies.

A crypto prime brokerage firm settled CFTC charges for failing to register as a futures commission merchant. The CFTC said the case marks its first action against an unregistered FCM that inappropriately facilitated access to digital asset exchanges.

FDIC Chair Martin J. Gruenberg highlighted lessons drawn from the failures of Silicon Valley Bank, Signature Bank and First Republic Bank of California in 2023 as well as the steps the FDIC has taken since to avoid further bank failures.

Consumer Finance Review is devoted to providing up to date consumer finance-related news and analysis.

The SEC adopted a final rule mandating that covered institutions develop, implement and maintain written policies and procedures for an incident response program that is reasonably designed to detect, respond to and recover from unauthorized access to or use of customer information.