In a joint statement, the U.S. Treasury, the FDIC and the Federal Reserve Board announced that all depositors, both insured and uninsured, of Silicon Valley Bank and Signature Bank, would be made whole for their deposits.

A software company that manages donor data for non-profit organizations settled SEC charges for (i) misleading their customers with inaccurate disclosures regarding the extent of a ransomware data breach and (ii) failing to maintain adequate supervisory disclosure controls that led to the categorization of such a data breach as a "hypothetical" on the quarterly reports submitted to the SEC.

At an oversight hearing before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, CFTC Chair Rostin Behnam identified areas for improvement within the CFTC regulatory framework to address the “dislocation” between regulation and technological innovation.

In an effort to respond to questions about certain trades that have a negative yield, as reported to the MSRB’s Real-Time Transaction Reporting System, the MSRB provided clarity on misunderstandings around negative yield municipal bonds.

The CFTC amended its Technical Specification for swap data reporting and public dissemination requirements.