The CFTC designated a unique product identifier and classification system required to be used in swap recordkeeping and reporting.
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House Financial Services Committee Chair Patrick McHenry and a Republican colleague submitted a comment letter criticizing FinCEN's recently proposed beneficial ownership rule.
In a position paper, SIFMA and the accounting firm Ernst and Young assessed the current state of corporate action announcement and dissemination policies in the United States and called for more industry standardization.
Lael Brainard resigned as Vice Chair and as a member of the Federal Reserve Board, effective on or around February 20, 2023. The announcement follows her nomination to serve as Director of the National Economic Council.
Federal Reserve Board Governor Michelle W. Bowman cautioned banks about cybersecurity risks related to third-party technology firms and stressed the responsibility of banks to manage these risks.