Fannie Mae and Freddie Mac published a "LIBOR Transition Playbook" and provided an FAQ and additional online resources "to help stakeholders transition business policies and processes to support products linked to the Secured Overnight Financing Rate."
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The MSRB filed a proposed rule change to temporarily waive certain fees relating to transactions with the Municipal Liquidity Facility established by the Federal Reserve Board.
The U.S. District Court for the Southern District of New York held that certain syndicated loans sold to institutional investors are not "securities" and rejected claims of violations of federal and state securities laws.
FINRA reviewed operational and supervisory practices that firms have adopted in response to the challenges of a remote work environment.
IOSCO urged issuers of securities to make "timely and high quality" disclosures, that are entity-specific, about the impact of COVID-19 on an issuer's operating performance, financial position, liquidity, and future prospects.