CFTC Commissioner Kristin N. Johnson reiterated her support for regulatory actions that foster responsible use of AI in financial markets.
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The Treasury Department issued a rule proposal that would allow the Committee on Foreign Investment in the United States to (i) obtain more information as part of its review process and (ii) authorize "substantially" larger penalties in instances of noncompliance with relevant regulations.
The MSRB proposed changes to a rule which requires dealers to disclose to customers at or prior to the time of trade all material information known or available publicly through established industry sources. The amendments would (i) add three new disclosure scenarios, (ii) update the rule's definition of materiality and (iii) make technical clarifications.
At the first Market Risk Advisory Committee of the year, CFTC Commissioner Kristin N. Johnson outlined the latest findings and recommendations from the MRAC Subcommittees on (i) Central Counterparty Risk, (ii) Market Structure and (iii) Climate-Related Risk.
The CFPB expressed support for the Illinois Department of Financial and Professional Regulation’s proposed rules for the state’s Community Reinvestment Act that would make it a violation for lenders to rely on discriminatory appraisals.