An investment adviser subsidiary of a New-York-based custodian bank settled SEC charges f or failing to (i) complete an Environmental, Social and Governance ("ESG") quality review of all investments and (ii) disclose that no review had been completed.

In response to a Federal Reserve Board report on the issuance of a U.S. central bank digital currency ("CBDC"), SIFMA recommended that policymakers focus on "wholesale" CBDCs "which would be used for institutional financial transactions" rather than a publicly available retail CBDC.

Comments on the FDIC's revised Guidelines for Appeals of Material Supervisory Determinations are due by June 21, 2022.

The CFTC Division of Market Oversight reminded swap execution facilities of the expiration of the time-limited no-action relief from the "occurs away" requirement under the CFTC Rule definition for "block trade" on swaps "intended to be cleared."