The FDIC provided guidance on compliance with a nnual independent audits and reporting requirements concerning insured depository institutions with $500 million or more in consolidated total assets.

Nasdaq proposed a rule change to provide alternative means - a primary direct listing - for exchange-listed companies to raise equity.

SEC Chief of Staff Sean Memon will leave the agency in January 2021.

The Federal Reserve Board amended regulations to “lower reserve requirement ratios on transaction accounts maintained at depository institutions to zero percent.” The FRB also proposed amendments to (i) create a new single "interest on reserve balances" rate and (ii) simplify the formula for payment of interest on balances.