Message from John Epperson, Managing Principal, Financial Services
Dear FIEB readers,
Risk or opportunity – recent market events could be either. Effective financial reporting, governance, and risk management can make the difference. As we head into the second quarter, we cover interest-rate risk statistics, final small-business lending rules, guidance on abusive acts, frequently asked questions about the Federal Reserve’s Bank Term Funding Program, and announcements about new offices and services from the federal financial institution regulators. We also bring you updates from the Financial Accounting Standards Board (FASB) in the form of final standards on related-party leases and tax credit investments and a proposed standard on certain crypto assets. Broker-dealers, national securities exchanges, and others will be interested in rule proposals from the Securities and Exchange Commission (SEC) on electronic filings and cybersecurity risk this month, while all SEC stakeholders might be curious about the SEC chair’s budget request testimony. Finally, the Public Company Accounting Oversight Board (PCAOB) released its annual report, among other activities.
We hope spring has sprung in your area and you have enjoyed a season of renewal. We look forward to keeping you informed in the coming months.