In an address to the FIA Boca 2023 International Futures Industry Conference, CFTC Chair Rostin Behnam responded to recent developments on cyber risk and service providers, climate risk and crypto risk.

The SEC proposed a new rule that would require market entities to implement procedures designed to address cybersecurity risk, and a related form for disclosing information about cyber incidents and risks.

The CFTC voted to propose rule amendments to codify no-action relief regarding the treatment of separate accounts by futures commission merchants.

FINRA provided guidance for members handling bank deposits, withdrawals and account balances held at Silicon Valley Bank, N.A. and Signature Bank, N.A.

The SEC proposed amendments to regulations on consumer financial privacy and information safeguards that would, among other things, require firms to implement written incident response plans and provide data breach notifications to customers.