FINRA recommended measures to strengthen cybersecurity controls to address increased vulnerability to attacks during the COVID-19 pandemic.
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NFA provided regulatory relief to independent introducing brokers by extending the deadlines for filing financial reports. The relief was extended to address compliance issues caused by COVID-19.
Industry associations urged the Basel Committee on Bank Supervision and IOSCO to publicly recommend an extension of the implementation deadlines for the Phase 5 and Phase 6 initial margin requirements for uncleared derivatives.
FinCEN updated its Financial Action Task Force list of jurisdictions with strategic AML and combating the financing of terrorism deficiencies.
The MSRB published a new daily trading summary to help market participants understand COVID-19's impact on the liquidity of the municipal securities market.