A broker-dealer settled FINRA charges for failing to establish and maintain a supervisory system concerning (i) the qualitative suitability of products deemed high-risk and (ii) manipulative trading practices.

The Financial Conduct Authority, the Bank of England and the Sterling Risk-Free Reference Rates Working Group stated that the COVID-19 pandemic will delay the scheduled transition from sterling LIBOR-linked loans.

The CFTC proposed amending reporting rules and forms to enhance the integration of collected data on CPO activity.

GAO recapped its "priority open recommendations" for the Federal Reserve Board. Highlighted recommendations concern FinTech, the Bank Secrecy Act and stress testing.

The Federal Reserve Board expanded the Paycheck Protection Program Liquidity Facility to program lenders approved by the Small Business Administration.