SIFMA joined the Bank Policy Institute and the American Bankers Association in support of the Federal Information Security Modernization Act of 2023. The Act would "enhance transparency over federal agency information security practices."

The Federal Reserve Board issued a consent order to a foreign bank for inadequate Bank Secrecy Act/AML internal controls and deficiencies in its risk management and governance practices.

The Federal Reserve's ("Fed") FedNow℠ instant payment service is up and running and can now be used by banking entities and credit unions to instantly transfer money for customers.

In a joint submission to the CFTC and the SEC, the Chicago Mercantile Exchange Inc. and the Fixed Income Clearing Corporation proposed an amended and restated Cross-Margining Agreement between the clearing agencies.

The CFTC set a comment deadline of September 18, 2023 for potential amendments to the risk management program and reporting requirements for swap dealers and futures commission merchants.