Insight

Washington Report 360 | July 24, 2020

NY DFS filed cybersecurity charges; FSB published survey on climate risk and financial stability; Attention to FRB credit facilities

Amy S. Matsuo

Amy S. Matsuo

National Leader, Regulatory Insights, KPMG US

+1 919-244-0266

Highlights

  • NY Department of Financial Services filed charges against a company for violations of its Cybersecurity Regulations that resulted in a data breach; this is the first filing under the regulations.
  • Financial Stability Board published survey results on how regulators include climate risk in financial stability monitoring; FSB plans to also look at available data and data gaps.
  • Ongoing attention and updates to FRB credit facilities, including expanded eligibility for counterparties and agents participating in the CPFF, SMCCF, and TALF as well as new FAQs addressing nonprofits recently added to the Main Street Lending Program.

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