Federal Reserve Board Vice Chair for Supervision Randal K. Quarles highlighted measures to promote efficiency in the financial system after the "Great Financial Crisis."
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FINRA proposed amendments to rules on continuing education and registration that would (i) require the regulatory element to be completed annually and (ii) provide a path for individuals with a terminated registration to maintain their qualification.
At an Energy and Environmental Markets Advisory Committee meeting, CFTC Commissioner Dan M. Berkovitz and Acting Chair Rostin Behnam described the CFTC's role in facilitating the transition to a low-carbon economy.
The Federal Reserve Board adopted amendments to the reserve requirements for depository institutions to (i) create a new single "interest on reserve balances" rate and (ii) simplify the formula for payment of interest on balances.
SEC Commissioner Elad Roisman recommended tailoring disclosure requirements as a way to address the "inevitable costs" inherent in any new environmental, social and governance rulemaking.