FSB Crafts Multiple-Choice MMF Regime
The FSB today released the final version of its proposed MMF-reform framework (see FSM Report MMF17). We will shortly provide clients with an in-depth analysis of a paper which appears little more definitive than the proposed assessment of an array of options and ways nations could turn their choice among them into a new MMF construct.
Big Promises, Slow Going on FSB NBFI, Payment Reforms
FSB Chair Quarles’ latest and perhaps last letter to G20 finance ministers and central bank governors highlights the final MMF framework actions announced today (see our separate report) and otherwise promises continued action on additional priorities in the FSB’s November NBFI report (see Client Report NBFI).
Gensler Won’t Back Down on Digital Engagement, PFOF
SEC Chair Gensler today not only mentioned the SEC’s digital-engagement practices RFI, but also highlighted those comments most interesting to him.
HFSC Starts Work on Ethical AI
Ahead of an AI Task Force hearing tomorrow, the HFSC Democratic Staff memo indicates that the session will consider proposals to advance “ethical” AI.