IOSCO found that members have made "substantial progress" towards achieving full compliance, and, in certain instances, have improved their implementation of the Principles for the Regulation and Supervision of Commodity Derivatives Markets (the "Principles"). The findings are from a survey on how member regulators have implemented commodity derivatives regulations. The Principles, which were first published in 2011, are intended to ensure that commodity derivatives markets can facilitate price discovery and hedging activity. The 2018 update is the third (and perhaps final) survey of its kind
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President Donald J. Trump signed an Executive Order ("EO") closing all executive departments and agencies of the federal government on December 5, 2018. The EO was signed in honor of the 41st President of the United States, George H.W. Bush. Pursuant to the EO, the heads of executive departments and agencies may decide that certain offices must stay open and that certain employees must report to work on December 5, 2018, for "reasons of national security, defense, or other public need." Some exchanges, such as the Options Clearing Corporation, will be closed, while others, such as the
Federal banking agencies urged banks to pursue innovative approaches to meeting Bank Secrecy Act/Anti-Money Laundering ("BSA/AML") compliance obligations. In a joint statement, the Federal Reserve Board, the FDIC, FinCEN, the National Credit Union Administration and the Office of the Comptroller of the Currency (the "agencies") stated that innovation - including the use of artificial intelligence, digital identity technologies and internal financial intelligence units - has the potential to augment banks' programs for risk identification, transaction monitoring, and suspicious activity
A trader agreed to settle Chicago Mercantile Exchange "spoofing" charges for placing multiple orders without an intention to execute.
The Department of Finance Canada, the Ministry of Finance and Public Credit of Mexico, and the U.S. Department of the Treasury established a financial regulatory forum.