In an Executive Order, President Joseph Biden directed federal financial regulatory agencies to develop a strategy to reduce climate change and associated financial risks.
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In response to a December 2020 SEC statement allowing limited purpose broker-dealers to custody "digital asset securities" provided that they do not custody any other assets, SIFMA stated that the SEC should take a "technology-neutral approach" to rulemakings and focus on broker-dealer flexibility instead of the underlying technology.
The Alternative Reference Rates Committee plans to recommend CME Group as the administrator for a forward-looking Secured Overnight Financing Rate term rate, once market indicators for the term rate are met.
A Federal Reserve Board interim final rule to extend an exception for certain Paycheck Protection Program loans by bank executive officers, directors and principal shareholders was published in the Federal Register.
ISDA recommended that regulators adopt the Common Risk Interchange Format and Common Domain Model to allow for the standardization and automation of financial reporting.