New York Governor Andrew Cuomo proposed budget legislation that would amend the New York Licensed Lenders Law.

The Office of Financial Research proposed a framework for central counterparty stress testing "using information already available to supervisors."

IOSCO determined that further analysis of "Loan Funds" is not warranted at this stage, since regulators believe their current general rules for this "so-called 'shadow banking activity,'" address systemic risks sufficiently.

The New York Department of Financial Services adopted final revisions to its new cybersecurity regulations, which apply to a wide range of insurance, banking and financial services companies.

The National Futures Association Board of Directors elected officers, public directors and members of the NFA Executive Committee.