Washington Report 360 | December 20, 2019

FRB & FDIC resolution plans; SEC adopts rule amendments/guidance package; New DOJ Export Controls and Sanctions Enforcement Policy

Key Highlights

  • The FRB and FDIC found no “deficiencies” in resolution plans of the eight largest banking entities but did find “shortcomings” for six entities.
  • The SEC adopted a package of rule amendments, guidance, and a related order addressing the regulatory framework for cross-border security-based swaps. The adoption of this package triggers the compliance date for security-based swap entities to register with the Commission.
  • DOJ announced a new Export Controls and Sanctions Enforcement Policy that clarifies the benefits of voluntary self-disclosure of related violations as well as consequences of not reporting.

Financial services regulatory and policy news


Capital Markets


Industry news