Commentary by Daniel Meade
The U.S. House Financial Services Committee heard testimony from the CEOs of U.S. global systemically important banks on "trends and developments in the industry since the 2008 global financial crisis."
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Commentary by Daniel Meade
The DOJ charged two Bolivian citizens and three U.S. citizens for their involvement in a bribery scheme to secure a Bolivian government contract for a Florida-based company.
In testimony before the U.S. House Appropriations Subcommittee on Financial Services and General Government, SEC Chair Gary Gensler and Treasury Secretary Janet Yellen testified on the impact of market developments on agency budgets.
FINRA reported that it spent $90.2 million for "fines-eligible" expenditures in 2020, including capital initiatives and strategic expenditures, and activities to educate investors and promote firm compliance.
In a speech before the National Association of Insurance Commissioners, Federal Reserve Board Vice Chair of Supervision Randal Quarles reported that the FRB will publish soon a capital rule for insurance depository institution holding companies.