CFTC Chair Rostin Behnam encouraged market participants to continue transition efforts in advance of the June 2023 cessation of USD LIBOR.

The Senate Banking Committee and the House Financial Services Committee heard testimony on economic and regulatory developments from FRB Vice Chair for Supervision Michael S. Barr, FDIC Acting Chair Martin Gruenberg, Acting Comptroller Michael J. Hsu and NCUA Chair Todd M. Harper.

SEC Commissioner Mark T. Uyeda questioned the long-term sustainability of ESG-focused investing given widespread disagreement and inconsistencies on core concepts across the industry.

FINRA proposed two new rules that would require broker-dealers to publish order routing disclosure reports for over-the-counter and National Market System equity securities orders.

Acting Comptroller Michael J. Hsu encouraged investors to learn about responsible money management given the recent volatility in crypto markets. He urged investors to take a step back from social media to evaluate whether to continue investing in crypto assets.