On April 13, 2019, U.S., UK and European Banking Union regulators will meet "as part of a series of planned exercises" to better understand one another's resolution regimes for global systemically important banks and to bolster coordination on cross-border matters. The meeting, which will be hosted by the FDIC, builds on two prior exercises.

A UK financial institution agreed to settle U.S. Treasury Department Office of Foreign Assets Control ("OFAC") charges that it violated United States sanctions imposed on a number of countries. Standard Chartered Bank ("SCB") allegedly violated: the now-repealed Burmese Sanctions Regulations; the Cuban Assets Control Regulations; the Iranian Transactions and Sanctions Regulations; the now-repealed Sudanese Sanctions Regulations; and the Syrian Sanctions Regulations (collectively, the "Global Settlement Apparent Violations"). According to OFAC, SCB processed over 9,000 improper transactions

SEC Commissioner Elad Roisman urged the agency to address numerous impediments to small business capital formation. In remarks at the "SEC Speaks" Conference, Mr. Roisman said that the owners of private companies struggle with the decision to enter public markets in light of the associated costs and challenges. As a result, he said, the SEC must evaluate its rules to assess whether it has contributed to this "decreasing public company environment." In addition, Mr. Roisman noted that once they are public, smaller companies face challenges with secondary market liquidity, which can have a

The Federal Reserve Board ("FRB") and FDIC (collectively, the agencies) proposed to amend and "restate" the rule implementing the resolution planning requirements of Dodd-Frank Act Section 165(d). The proposed amendments to the rule include a proposal: (i) by the FRB to create "risk-based categories" for determining the application of the resolution planning requirement to specific U.S. and foreign banking organizations and (ii) by the agencies to extend the "default resolution plan filing cycle" and permit more focused resolution plan submissions. The agencies stated that the proposal is

The North American Securities Administrators Association ("NASAA") warned investors of the risks associated with "robo-advisers."