Acting Comptroller of the Currency Michael J. Hsu emphasized that federal financial regulators mean it when they call for no new LIBOR exposure after December 31, 2021, including any "synthetic" or "zombie" LIBOR.
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In a newly issued FAQ, the SEC Division of Trading and Markets addressed implementation questions on "regulatory reporting and public dissemination of security-based swap transactions under Regulation SBSR."
FDIC Chair Jelena McWilliams warned that, unless appropriate regulation is provided allowing for banks' engagement with new product developments such as blockchain technologies, these products will inevitably move outside of the traditional banking system.
The FTC restored its past practice of requiring merging parties to obtain prior approval from the FTC "before closing any future transaction affecting each relevant market for which a violation was alleged."
The Basel Committee on Banking Supervision, the Committee on Payments and Market Infrastructures and IOSCO jointly requested comment on a consultative report, which examines margin calls during the high market volatility of March 2020.