The CFTC requested comments on proposed changes that would (i) remove indemnification requirements for the use of swap data by other regulators, and (ii) integrate existing advisory guidance on rules concerning the registration and review of exchange disciplinary actions. The request for comments was published in the Federal Register.
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The Board of Governors of the Federal Reserve System adopted a final rule on total loss-absorbing capacity intended to help government authorities "resolve in an orderly way the largest domestic and foreign banks operating in the United States" without "support from taxpayer-provided capital."
The Internal Revenue Service and the Treasury submitted final and temporary regulations to the Office of the Federal Register regarding requirements related to equity-linked instruments.
Morgan Stanley Smith Barney LLC and Citigroup Global Markets, Inc. agreed to pay over $2.96 million each to settle SEC charges of misleading investors about a foreign exchange trading program.
The Office of the Comptroller of the Currency ("OCC") supplemented its guidance on agency procedures for examining the risk management of third-party relationships by national banks and federal savings associations.