The Financial Stability Oversight Council and the Financial Stability Board considered the "post-LIBOR transition landscape" and steps forward to ensure market resilience.
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Financial Stability Oversight Council staff reported progress in advancing recommendations by the Climate-related Financial Risk Advisory Committee on "actions to address capacity building, disclosure, data, and assessment and mitigation of risks."
The Congressional Research Service found that "binding" leverage requirements on large banking organizations may be "incentivizing behavior counter to financial stability."
In its quarterly Board of Directors meeting, the MSRB voted to approve rule amendments to shorten the time allowed for post-trade reporting.
An investment firm settled FINRA charges relating to the unregistered distributions of securities.