The OCC, Federal Reserve Board, FDIC and National Credit Union Administration finalized a policy statement for financial institutions on commercial real estate loan accommodations for borrowers during periods of financial stress.
News & Insights
The European Commission issued two legislative proposals aimed at (i) ensuring citizens and businesses can continue use of euro banknotes and coins and (ii) establishing a legal framework for a possible "digital form of the euro that the European Central Bank may issue in the future, as a complement to cash."
An Australia-based investment management company settled CFTC charges for exceeding position limits in platinum futures.
The Financial Action Task Force updated the list of jurisdictions with AML/CFT deficiencies. FinCEN urged financial institutions to assess their involvement with the identified jurisdictions when reviewing their risk-based policies and procedures.
A broker-dealer settled SEC charges for erroneously deleting electronic business records.