U.K. Joins U.S. Sharp Crypto Condemnation
The head of the U.K. Financial Conduct Authority, Charles Randell, today echoed SEC Chairman Gensler’s wide-ranging concerns about cryptocurrency but also targeted U.K. action at social media in ways not yet voiced in the U.S.
Global Regulators Take Tough Stand on AI/ML Controls, Ethics
Following a June consultation, IOSCO today issued guidelines on the use of AI/ML by asset managers and financial intermediaries. Although focused on trading platforms and investment advice, the guidance is sure to influence work under way by the SEC and U.S. banking agencies.
Comment Deadline Extended on Third-Party Risk Management Guidance
The federal banking agencies today extended the comment deadline on proposed third-party risk management guidance until October 18.
FHFA Establishes a GSE Equitable-Housing Mission with Major Market Implications
As Karen Petrou’s memo this morning forecast, the FHFA has taken strong action today to mandate an equitable-housing plan from Fannie Mae and Freddie Mac above and beyond their existing affordable-housing requirements.