Washington Report 360 | June 3, 2022

FRB speech on High Inflation and Soft Landing; BCBS final principles on climate-related financial risk

FRB: Speech on High Inflation and Soft Landing, noting inflation is FRB’s top priority and disproportionately impacts LMI households
BIS: BCBS final principles on climate-related financial risk to be published soon

Financial services regulatory and policy news
CFTC	RFI on climate-related financial risk due next week Speech at the Voluntary Carbon Markets Convening on the role of derivatives in the transition to net zero Comments on Crypto Regulation and Customer Protections
FINRA	Podcast on AML latest trends and effective practices
FRB	Speech on High Inflation and Soft Landing, noting inflation is FRB’s top priority and disproportionately impacts LMI households Research papers on Algorithmic Stablecoins and the impact of climate change and natural disasters on loan pricing NYFRB Workshop: Remarks on the digital transformation of money and payments
FDIC	Annual Summary of Deposits survey
CFPB	Blogs on loan cancellation for student loan borrowers, and protecting servicemembers military allotment
Treasury	OFAC actions to counter sanctions evasion by networks providing support for Russia’s elites Russia-related general licenses
FHFA	Final rule requiring Fannie Mae and Freddie Mac to submit annual capital plans
CA DFPI	Request for Information on oversight of crypto asset-related financial products and services
FSB	Speech on the financial system’s role in the transition to net-zero
BIS	BCBS final principles on climate-related financial risks to be published soon Green Swan 2022 virtual conference relating to the role of finance in the climate transition

Financial services policy news
White House	Fact Sheets on Commitments to Build Black Wealth addressing bias in home appraisals; Improving climate resilience; Global water security; and U.S. actions to further counter sanctions evasion by Russia