An SEC Commissioner revealed that 90 percent of known cyberattacks at public companies were not disclosed in regulatory filings.
FINRA sought public comment on the “effectiveness and efficiency” of its Rule 4370, Business Continuity Plans and Emergency Contact Information.
The Federal Reserve is expected to soon release its proposal for prudential standards and regulatory capital and liquidity requirements applicable to foreign banking organizations and their intermediate holding companies. (Risk.net)
The Senate Banking Committee advanced the nomination of Mark Calabria to serve a five-year term as director of the FHFA.
The House Financial Services Committee conducted a hearing on the credit reporting industry and the FCRA.
In testimony before Congress, the Federal Reserve Chair discussed capital levels, the impact of CECL, and the need for clarity on federal cannabis regulation. (American Banker, CNBC, WSJ)
The CFTC and the Bank of England, including the PRA and the FCA, agreed to coordinate on specific measures to provide continuity in the derivatives markets following the UK’s withdrawal from the EU.
An SEC Commissioner revealed that 90 percent of known cyber attacks at public companies were not disclosed in regulatory filings; the Commissioner advocates companies immediately disclosing hacks in formal filings. (WSJ)
A CFTC Commissioner proposed an alternative approach to reforming the swap execution facilities framework, separate from the CFTC’s November 2018 proposal.
The GAO publicly released: