NFA provided guidance on use of alternative reference rates in initial margin calculation models for uncleared swaps.
News & Insights
The FDIC provided guidance to help small trust entities comply with recently amended deposit insurance regulations for trust accounts and mortgage servicing accounts.
Comments are due by June 13, 2022 for an SEC proposal to (i) enhance disclosure requirements on special purpose acquisition companies ("SPACs") and (ii) more closely align the financial statements of private operating companies merging with SPACs with those required in registration statements for IPOs.
CFTC Commissioner Summer K. Mersinger named Chris Lucas as Chief of Staff and Counsel.
In a testimony before the House Appropriations Subcommittee on Financial Services and General Government, SEC Chair Gary Gensler called for additional resources to "help maintain [the 'gold standard of'] American capital markets as the best in the world."