The CFTC issued an order granting full registration status to a London-based swap execution facility. A total of twenty-four SEFs are now registered fully with the CFTC.
News & Insights
The Consumer Financial Protection Bureau delayed the effective date of final rules to enhance consumer protections for prepaid accounts by six months. The new effective date is April 1, 2018.
The Government Accountability Office issued a report on four types of financial technology: marketplace lending, mobile payments, digital wealth management, and distributed ledger technologies.
The SEC extended the comment period on the disclosures required by Industry Guide 3 ("Statistical Disclosure by Bank Holding Companies") from May 8, 2017 until July 7, 2017.
University of Houston Finance Professor Craig Pirrong applauded the SEC's new Special Study of the Securities Market and questioned whether the SEC Order Protection Rule is necessary to sustain a competitive equity trading marketplace.