Leveraged lending focus; LIBOR transition concerns; FinCEN focus on terrorist financing; SECURE Act passed; COSO guidance on blockchain
Focus on leveraged lending will continue as highlighted by the FSB report and FDIC supervisory insights.
Continued regulatory LIBOR transition concerns to meet the 2021 requirement (FSB report and new NY DFS requirement).
FinCEN is expected to focus its investigative powers on terrorist financing, human trafficking, and fraud.
The SECURE Act became law and expands access to multi-employer plans and participation for part-time employees.
COSO will issue guidance in 2020 on internal controls for blockchain, compliance risk management principles, and risk appetite statements; COSO issued guidance for managing cyber risks in mid-December.