The FDIC proposed imposing special assessments to recover losses to the Deposit Insurance Fund resulting from the FDIC making whole all uninsured depositors of Silicon Valley Bank and Signature Bank.
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A swap dealer and its affiliated broker-dealer/FCM settled CFTC and SEC charges for failing to (i) prohibit the use of unapproved communication methods, (ii) maintain and produce required records and (iii) adequately supervise its businesses.
SEC Commissioner Mark T. Uyeda warned that rapid change to securities regulations can have wide-spread consequences and that the benefits of globalizing capital markets can only be achieved through "responsible regulation."
Treasury Under Secretary for Domestic Finance Nellie Liang highlighted steps regulators must take to identify vulnerabilities within the financial system, in order to help prepare for shifts in systemic liquidity demand and supply.
The CFPB set a comment deadline of June 12, 2023 for an interim final rule amending Regulation Z ("Truth in Lending") to facilitate the transition from LIBOR.