SEC Commissioner Elad Roisman urges consideration of "inevitable costs" of any new ESG disclosure framework. President Biden expands prohibitions on U.S. securities investments in "Chinese Military-Industrial Complex Companies." FINRA highlights changes to FOCUS reporting requirements for SBS dealers. NFA reminds members engaging in virtual currency of ongoing disclosure obligations. SEC names new Acting Director for the Division of Trading and Markets.

FSB provides updated recommendations for the LIBOR transition. SIFMA highlights importance of financial services to U.S. economy.

SEC Chair Gary Gensler directs staff to reconsider proxy rule changes; Republican Commissioners dissent. New York Attorney General issues guidance on state securities filing rules. FINRA proposes amendments to filing requirements for quotations of non-exchange-listed securities. Firm settles FINRA charges for trade reporting violations. OFAC extends authorization of specified transactions involving sanctioned Venezuelan entity.

"Megabank" CEOs update HFSC on current practices, programs and policies. FINRA proposes amendments to FOCUS Report Supplemental Inventory Schedule. SEC charges mutual fund executives with material misrepresentation of investment risks. SEC charges individuals with promoting unregistered digital asset securities. FINRA withdraws proposed amendments to expungement process. FINRA proposes modifications to FINRA/Nasdaq trade reporting facility fees.

SEC and Treasury describe budget pressures. FINRA reports on how it spent collected fines in 2020. DOJ charges individuals involved in Bolivian government bribery scheme.

HFS Subcommittee considers testimony on credit reporting system. CFTC updates FAQs on Form CPO-PQR. Firm settles NYSE Arca charges for order control supervisory failures. FRB capital rule for insurance depository holding companies coming soon. OCC adopts withdrawal period exception for collective investment funds.

FRB Vice Chair Randal Quarles highlights banking system strength in economic recovery. SEC Commissioner Hester Peirce outlines recommendations on capital formation. Firm settles FINRA and NYSE Arca charges for order marking and Reg. SHO locate rule violations.

SEC Commissioner Allison Herren Lee challenges ESG "myths of materiality". SEC Commissioner Allison Herren Lee urges additional protections for retail investors. House Financial Services Committee considers testimony on SPAC reform. FRB Governor Lael Brainard outlines policy considerations on CBDCs. OFAC sanctions Russian Federal State Budgetary Institution Marine Rescue Service. U.S.-UK Financial Regulatory Working Group focuses on bilateral cooperation and sustainable finance.

President Biden issues Executive Order to develop climate-related financial risk strategy. ARRC selects administrator for forward-looking term SOFR. SIFMA cautions SEC on limiting custody of digital asset securities. Deadlines set for FRB extension of PPP exception for bank insiders.

FRB Chair highlights potential of central bank digital currencies. ISDA recommends global regulators adopt standard approach to financial reporting. Cadwalader Clients & Friends Memo: Marketplace Lending Update #9: To Thine Own Self Be True? Not Necessarily.