ISDA Chief Executive Officer Scott O'Malia highlighted the importance of global data standardization in trade reporting, stating that ISDA is working on a digital regulatory reporting initiative to enable all firms to consistently implement regulatory reporting rules.
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The Federal Reserve Board adopted an interim final rule to extend certain exceptions under the Paycheck Protection Program to allow bank executive officers, directors and principal shareholders to apply for loans from related bank affiliates on behalf of the small businesses they own.
A CFPB final rule to provide certain insured depository institutions and credit unions with an exemption from establishing escrow accounts for higher-priced mortgage loans was published in the Federal Register.
IOSCO reviewed the effect of COVID-19-related government support measures on credit ratings and credit rating methodologies.
A broker-dealer settled FINRA charges of failing to establish and implement a reasonable AML program after the firm's surveillance system generated inaccurate and incomplete reports.