The Federal Reserve System published Large Institution Supervision Coordinating Committee (LISCC) supervisory priorities for 2019, which include the following: * Capital planning, regulatory reporting, counterparty risk, collateral management, and wholesale credit underwriting. * Internal liquidity stress test assumptions, liquidity position, governance over liquidity data, contingency funding plans, currency risk management, and compliance with liquidity regulation. * Governance and controls, including information technology and cyber-related risks, internal audit, compliance and business conduct, vendor risk management, and risk committee practices. * Recovery and resolution planning, as well as LISCC foreign bank intermediate holding company resolution plans. The OCC's focus areas for Y2019 include: * Cybersecurity and operational resiliency. * Innovation and operational changes as technology advances. * Reliance on third-party service providers to deliver key services. * Commercial and retail credit loan underwriting, concentration risk management, and the allowance for loan and lease losses. * BSA/AML compliance management. * Compliance-related change management to address regulatory requirements. * Internal controls and end-to-end processes necessary for product and service delivery. For its published priorities for 2019, di Florio said, FINRA decided to focus on new issues, as well as issues that had not been discussed in previous priorities statements, including the following: * Online distribution platforms. * Fixed-income markup disclosure. * Regulatory technology. * Sales practice risks, including suitability, senior investors, outside business activities, and private securities transactions. * Operational risks, including supervision of digital assets, business and customer due diligence, and suspicious activity reviews. * Market risks, including best execution, market manipulation, market access, short sales, and short tenders. * Financial risks, including credit risk, funding, and liquidity. ...some weaknesses persist, particularly in areas related to governance and controls. * Banks should be attentive to the heightened risks in the corporate bond and loan markets, particularly the leveraged lending market. * Investment advisors and asset management firms should focus on best execution, advisory fee and expense, cash solicitations, electronic messaging, and targeted examination for registered investment companies (mutual funds). * Broker-dealers should focus on suitability, volatility-linked products, FI markup disclosures, and diligence for private placements.