In a report on the results of a "2022 Bank for International Settlements Survey on Central Bank Digital Currencies and Crypto" that covered 86 central banks, Bank for International Settlements highlighted that "93% of surveyed central banks are engaged in some form of CBDC work and more than half are running concrete experiments or working on pilots."
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A dually-registered broker-dealer and investment adviser was fined by the SEC and FINRA for failing to file Suspicious Activity Reports. The failure concerned the broker dealer's use of an improperly high dollar threshold for filing the reports.
The SEC set a deadline of August 15, 2023 for comments to be submitted on proposed amendments to a prior FINRA proposal to "treat a private residence at which an associated person engages in specified supervisory activities as a non-branch location." The comment deadline was published in the Federal Register.
The CFTC approved a "made-available-to-trade" determination for certain overnight index swaps referencing the Secured Overnight Financing Rate and Sterling Overnight Index Average.
Federal Reserve Board Vice Chair for Supervision Michael S. Barr shared the results of his "holistic review of capital for large banks" and recommended bank resolution reforms in response to recent bank failures.