The Federal Reserve Board proposed repeal of regulations that incorporate the SAFE Act was published in the Federal Register.
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Several trade associations asked U.S. prudential regulators to remove the requirement that swap dealers collect initial margin from their affiliates.
In a comment letter, the SIFMA Asset Management Group expressed support for the Financial Stability Oversight Council's proposed "activities-based approach" for addressing systemic risk.
A U.S. District Court Judge for the District of Hawaii sentenced an engineering and consulting company owner to 30 months in prison for his role in an international bribery scheme.
A broker-dealer agreed to settle FINRA charges for including prohibited conditions in customer settlement agreements.