Washington Report 360 | October 7, 2022

Supervision and Regulation. Climate Risk. Enforcement Actions.

Key Highlights

  • Supervision and Regulation. OCC Bank Supervision Operating Plan named 13 “key areas of heightened focus for supervisory strategies,” including operational resiliency, fair lending, CRA, and climate-related risks. FRB outlined upcoming areas for large bank supervision and regulation, including stress testing, capital, M&A, and resolutions.
  • Climate Risk. FDIC speech noting potential impact of climate change on the effectiveness of past risk mitigation strategies, no matter the institution size; New FSOC Climate-related Financial Risk Advisory Committee.
  • Enforcement Actions. SEC – anti-touting violations; CFTC - registration failures and price manipulation; FINRA - Best Execution and Regulation SHO violations; CFPB – remittance transfer and EFTA violations; DOJ – SCRA violations 
Financial services regulatory news
SEC
  • Enforcement action against individual for violation of the anti-touting provision by failing to disclose consideration received for the promotion
CFTC
  • Enforcement action against a digital assets derivatives platform for unlawfully offering futures transactions, failure to register as a FCM, and price manipulation
FINRA
Interagency
FRB
FDIC
OCC
CFPB
Treasury
DOJ
  • Enforcement action against auto finance company for SCRA violations.
NY DFS
BIS

 

Financial services policy news
White House

 

Industry news headlines

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Amy S. Matsuo

Amy S. Matsuo

Regulatory and ESG Insights Leader, KPMG US

+1 919-664-7100