A foreign banking organization settled charges with the Federal Reserve Board for failing to address known risks associated with a client investor that had an “increasingly concentrated [total return swaps] portfolio.”
News & Insights
The CFTC unanimously approved a final rule that amends "certain reporting and information regulations applicable to derivatives clearing organizations."
GAO recommended that the CFPB, CFTC, FDIC, SEC, Federal Reserve Board, National Credit Union Administration, and OCC establish a "formal coordination mechanism" to collectively identify and address blockchain-related risks in a timely manner.
The Managed Funds Association and the National Association of Private Fund Managers urged the SEC to consider the aggregate cost of recently proposed rulemakings on private fund advisers and fund investors.
Senate Banking Committee Chair Sherrod Brown (D-OH) and Senator J.D. Vance (R-OH) urged the FDIC to protect "Main Street focused" regional banks when implementing its proposed special assessment on insured depository institutions.