Facebook Executive Responds to Regulatory Concerns over Proposed Cryptocurrency

A Facebook executive responded to regulatory concerns over the company's proposed blockchain-based cryptocurrency, "Libra."

Federal Reserve Bank of New York President Urges Market Participants to Prepare for End to LIBOR

Federal Reserve Bank of New York President John C. Williams urged market participants to prepare for the end of LIBOR.

SEC/NASAA Provide Guidance on Application of Securities Laws to Opportunity Zone Investments

The SEC and the North American Securities Administrators Association provided guidance for market participants on the application of federal and state securities laws to opportunity zone investments.

FinCEN Reports Spike in Reported Business Email Compromise Scams

The Financial Crimes Enforcement Network targeted business email compromise scams, which occur when an individual or business is sent false payment instructions, compromising the victim's email account.

NYDFS Grants Virtual Currency Licences

The New York State Department of Financial Services granted two virtual currency licenses to subsidiaries of a cryptocurrency exchange.

FDIC Adopts Amendments to Streamline the Process for Deposit Insurance Determinations

The FDIC adopted two rule amendments designed to streamline the process for making insurance determinations when a bank is placed into receivership.

FINRA Proposes Three-Year Extension to OATS Exemptive Authority

FINRA proposed a three-year extension of its authority to grant certain exemptions from recording and reporting requirements under the Order Audit Trail System.

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Regulatory Tracker: July 15 to July 31

The Cabinet Regulatory Tracker is a list of comment deadlines, effective dates, expiration dates and delayed actions.