The Council of Institutional Investors reiterated its "strong support" for a House bill that would amend the Exchange Act to limit non-proportional voting power and establish board diversity listing standards for multi-class stock companies.
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The SEC's proposal to amend reporting requirements for management investment companies and institutional investment managers was published in the Federal Register.
Bank of England Deputy Governor for Financial Stability Jon Cunliffe described risks to financial stability from rapid crypto industry growth.
DOJ Acting Assistant Attorney General Brian Boynton detailed the Department's new Civil Cyber-Fraud Initiative. The Initiative "will use the False Claims Act to identify, pursue and deter cyber vulnerabilities and incidents that arise with government contracts and grants and that put sensitive information and critical government systems at risk."
The Alternative Reference Rates Committee urged market participants to "proactively slow" the use of U.S. dollar LIBOR "to promote a smooth end to new LIBOR contracts by the end of the year."