SEC tables proposed exemption for expert market. Senate Committee considers testimony on banking agency priorities. CFPB withdraws proposal to extend effective date of debt collection regulations. Comment deadline set for FDIC proposal on deposit insurance coverage for trusts and mortgage accounts. MSRB proposes amendments to annual customer notification requirements.

SEC adopts rule imposing additional FINRA obligations on firms with a history of misconduct. Accounting firm settles SEC charges for unprofessional conduct in auditor selection process.

SEC Chair asks staff to ensure offshore issuers accurately disclose relationship to China-based operating companies. FDIC provides guidance on impact of LIBOR transitions under regulatory capital rule.  Deadline set for NCUA comment request on use of digital assets by federally insured credit unions.

ARRC recommends term SOFR rate. House Financial Services Committee advances LIBOR Act. Senator Warren urges FSOC to address cryptocurrency risks. NYDFS to collect and publish diversity data.

SEC Chair Gary Gensler directs staff to prepare climate risk disclosure rule. CFTC grants CPO conditional relief from quarterly statement distribution requirement. Firm settles charges for supervisory and risk management control violations.

SEC grants substituted compliance determination for France. House Financial Services Subcommittee considers national security implications of CBDCs. Senate Banking Committee debates merits of cryptocurrency. IOSCO seeks comment on ESG ratings and data providers. Twenty-seven firms settle SEC charges for Form CRS failures. MSRB issues guidance on primary offering disclosure form. OCC takes steps to act on climate change goals.

Money services business settles OFAC charges for multiple sanctions violations.

SEC Commissioner Peirce offers recommendations to increase participation in the financial markets. Ninth Circuit affirms CFTC authority in issuing preliminary injunction. FINRA updates guidance on financial and operational rules. NCUA seeks comment on use of digital assets by federally insured credit unions. Firm settles FINRA charges for refusing to produce documents and information. SEC appoints International Affairs Director.

House Financial Services Subcommittee considers new requirements for rating agencies. House Financial Services Subcommittee considers proposals to expand access to banking services. ARRC recommends SOFR term rates best practices. SEC Commissioner Peirce makes the case against mandating ESG disclosure. Firm settles SEC charges for accounting, reporting and control failures. OFAC delays effective date for transactions related to Petróleos de Venezuela, S.A.

OCC to propose rescission of 2020 CRA rulemaking, will collaborate with FRB and FDIC on new rule. FDIC proposes simplified, expanded deposit insurance for trusts and mortgage accounts. President's working group to issue stablecoin recommendations. NFA extends relief from on-site inspection requirements. Firm settles FINRA charges for AML program deficiencies. President Biden will nominate Jonathan Kanter to lead DOJ antitrust division.