The SEC extended the comment period on proposed amendments to rules governing beneficial ownership reporting until June 27, 2023. The SEC provided a supplemental analysis on the proposal's economic impact.
News & Insights
In a report titled "Options for Deposit Insurance Reform," the FDIC highlighted the limitations of the current deposit insurance system finding that the current system of "Limited Coverage" may be insufficient to prevent bank runs.
The New York State Department of Financial Services identified the factors contributing to Signature Bank’s failure and recommended improvements to its bank supervisory procedures.
In an Information Notice, FINRA advised members that the Options Clearing Corporation issued the latest version of "Characteristics and Risks of Standardized Options" (also known as the "Options Disclosure Document"), which supersedes and replaces the prior document and related supplements.
The CFPB adopted an interim final rule to facilitate the transition from LIBOR and reflect the enactment of the Adjustable Interest Rate (LIBOR) Act and related Federal Reserve Board actions.