House Financial Services Committee Chair Patrick McHenry (R-NC) asked FINRA and the SEC for information on the process used to approve the application of the first "special purpose broker-dealer" eligible to transact and provide custody for digital asset securities.

The National Credit Union Administration notified all federally insured credit unions that as of September 1, 2023, they must report cyber incidents within 72 hours after becoming aware of the event or receiving a notification from a third party regarding a reportable incident.

FDIC Chair Martin J. Gruenberg recounted the "lessons learned" from recent bank failures and reviewed proposed rulemakings.

In its 2023 Risk Review, the FDIC reported that despite weak economic conditions, increasing interest rates and inflation and financial market stress, the banking industry demonstrated resilience.

An auditing firm, its CEO and senior auditor settled SEC charges for failing to address red flags in an audit of a music streaming company’s revenue claims related to a business combination with a SPAC.