SEC Commissioner Hester Peirce urged the International Financial Reporting Standards Foundation not to develop an International Sustainability Standard Board because it would (i) inappropriately equate sustainability standards with financial reporting standards, (ii) weaken the Foundation's existing investor-centered work and (iii) raise substantial governance concerns.
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FinCEN updated its list of Financial Action Task Force-identified jurisdictions with strategic anti-money laundering, counter-terrorist financing, and counter-proliferation financing deficiencies.
IOSCO appointed Martin Moloney to a three-year term as Secretary General.
President Joe Biden signed into effect the Senate and House of Representatives' joint disapproval of the Office of the Comptroller of the Currency’s "true lender rule." The action finalized repeal of the rule under the Congressional Review Act.