Washington Report 360 | July 22, 2022

New executive actions on climate; Enforcement action on crypto-related insider trading

Key Highlights

  • White House. New executive actions related to climate, including initiatives and new funding intended to improve climate resiliency, protect vulnerable communities and workers, and expand renewable energy opportunities and jobs. (See KPMG Regulatory Alert here)
  • OFR. Blog post on the impact of rising interest rates and market volatility on insurers.
  • FDIC. Podcast: “The risks of banking.” FDIC notes that its 2022 Risk Review (a retrospective on banking conditions in 2021) looked at credit and market risks as well as emerging risks from climate-related financial risk, cyber threats, and illicit financial activity.  
  • SEC. Enforcement action alleging crypto-related insider trading “scheme”; associated SEC Complaint suggests that 9 current cryptocurrencies are securities based on their activity.
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Financial services policy news
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  • Fact sheet on President Biden’s actions to tackle the Climate Crisis
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Amy S. Matsuo

Amy S. Matsuo

Regulatory and ESG Insights Leader, KPMG US

+1 919-664-7100