The UK Financial Conduct Authority will require LIBOR’s administrators, the ICE Benchmark Administration ("IBA"), to publish one-, three- and six-month U.S. dollar LIBOR settings beyond June 30, 2023.
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An investment adviser settled SEC charges for engaging in prohibited affiliate transactions by selling debt securities to other funds that were managed by the investment adviser using various broker-dealers.
A dual registrant settled SEC allegations for charging advisory clients undisclosed or misstated fees on foreign exchange account transfers.
Acting Comptroller of the Currency Michael J. Hsu warned of “persistent inequality” within the banking system that can "erode trust" and cause underserved and financially vulnerable populations to turn to nonbank entities that have "less stringent safety and soundness requirements."
The American Banker Association expressed concern over a CFPB proposal to establish a public registry designed to collect information about public agency orders and judgments related to violations of the consumer protection laws.