The Federal Reserve Board, the FDIC, and the OCC revised the regulatory capital rule in order to limit the interconnectedness of large banks and reduce systemic risk.
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CFTC-adopted amendments to rules requiring registration for non-U.S. derivatives clearing organizations were published in the Federal Register.
FinCEN assessed a $60 million dollar penalty against an operator of two convertible virtual currency exchangers, or "mixers," for violations of Bank Secrecy Act registration, program, and reporting requirements.
Federal Reserve Board Vice Chair for Supervision Randal Quarles described the vulnerabilities of nonbank financial intermediation, revealed by COVID-19 related shocks to the financial markets.
The CFTC and the Bank of England entered into a Memorandum of Understanding relating to the supervision of clearinghouses operating on a cross-border basis in the United States and the United Kingdom.