At an Investor Advisory Committee meeting, SEC Chair Jay Clayton and Commissioner Hester M. Peirce raised issues concerning (i) emerging market investment risk and (ii) environmental, social and governance disclosures.
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The European Central Bank issued guidance for banks on climate-related and environmental risk management practices and disclosures under the current prudential framework.
The OCC adopted a final rule intended to "strengthen and modernize" Community Reinvestment Act regulations.
The CFTC Global Markets Advisory Committee considered subcommittee recommendations for improving the scoping and implementation of initial margin requirements for uncleared swaps.
Comptroller of the Currency Joseph M. Otting announced his resignation, effective May 29, 2020. The OCC named First Deputy and Chief Operating Officer Brian P. Brooks as Acting Comptroller.