Washington Report 360 | December 9, 2022

Climate Risk, SEC, Crypto Risk, Supervisory Authority

Key Highlights

Climate Risk. FRB proposes principles for climate-related financial risk management (see KPMG Regulatory Alert, here); BCBS FAQs clarify how climate risks may be captured in the existing Basel framework.

SEC. Schedules an open meeting to consider multiple rule proposals, including insider trading, order of execution, order competition, minimum pricing increments, and best execution (scheduled December 14); Reopens comment period for Share Repurchase Disclosure Modernization rule proposal (see KPMG Regulatory Alert, here)

Crypto Risk. SEC issues a sample letter to companies regarding developments in crypto assets markets (see KPMG Regulatory Alert, here).

Supervisory Authority. CFPB issues a notice of intent to make multi-state preemption determinations with respect to Truth-in-Lending Act provisions.

Financial services regulatory news
SEC
FRB
OCC
CFPB
Treasury
NY DFS
  • Report on redlining and other forms of housing discrimination (second in a series)
FSB
  • 2022 Resolution Report, noting urgency in challenges to nonbank cross-border resolutions
  • Endorsement of IAIS framework to assess and mitigate systemic risk in insurance industry
BIS

 

Financial services policy news
House

 

Industry news headlines

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Contact us 

Amy S. Matsuo

Amy S. Matsuo

Regulatory and ESG Insights Leader, KPMG US

+1 919-664-7100