SEC Chair Gary Gensler addressed current SEC initiatives on security-based swaps, including reporting, clearing, swap execution facilities trading, and substituted compliance.

In remarks before the Brookings Institution, SEC Commissioner Hester M. Peirce argued that the SEC should not adopt disclosure requirements related to environmental, social and governance issues.

A firm and its former CEO settled SEC charges for accounting, reporting and internal control failures that resulted in a multi-year restatement of its financial statements.

The Alternative Reference Rates Committee recommended business loan conventions and best practices for the forward-looking Secured Overnight Financing Rate term rates.

The U.S. House Financial Services Subcommittee on Consumer Protection and Financial Institutions considered proposed legislation to expand access to financial services for underserved communities.