Washington Report 360 | September 9, 2022

Financial services regulatory news

• Enforcement action against:
  • A venture capital advisor alleging overcharging management fees
  • Two advisory firms for Custody Rule and Form ADV Violations
• Remarks on crypto tokens, intermediaries, and securities regulation

• Enforcement actions allegedly failure to supervise valuation activities

• Podcast on Regulatory Operations: Stronger Regulation Through Integrated Oversight

• Speeches:
  • Making the Financial System Safer and Fairer, including near term goals focused on capital, living wills, bank merger policies, stablecoins, and financial risks from climate change
  • Bringing Inflation Down
• Policy statement on whistleblower claims
• NY FRB blogs:
  • Small Business Recovery after Natural Disasters
  • How Can Safe Asset Markets Be Fragile?

• Remarks on core principles for effective deposit insurance systems

• Remarks on safeguarding trust in banking, including digitalization, climate-related risks, and inequality
• Bulletin on information security expectations for protecting non-public OCC information

• FRB, FDIC, and OCC reaffirm commitment to Basel III, expect to issue a proposed rule amending capital rules for large banking organizations

• Report and circular on nursing home debt collection practices

• Remarks on the trajectory of the U.S. economy, highlighting a plan for financial services companies to help design a compliance regime for the G-7 Russian oil price cap
• Statement on the G-7 Russian oil price cap
• Speech on anti-corruption and new directions in beneficial ownership transparency
• FinCEN speech on digital identity, emerging threats, and responsible innovation
• OFAC amendments to cyber-related sanctions regulations

• Forum on Commercial Surveillance and Lax Data Security Practices

• Funds availability through grant programs “SHOP” (Self-Help Home Ownership Program) and “HHP” (Healthy Homes Production)
• Increased frequency of allowable distributions of surplus cash to FHA-insured Multifamily mortgage borrowers

• CPMI/IOSCO report on access to client clearing and portability
• CPMI Paper: Liquidity bridges across central banks for cross-border payments

                                                               Financial services regulatory news

• Report and Fact sheet: Climate and energy implications of crypto-assets in the United States
• Fact sheet: New climate portal to help communities navigate climate change impacts
• Readout of listening forum on tech accountability

• Banking Committee hearing on current issues in insurance