FINRA issued a schedule of trade dates, settlement dates and margin extension requests in order to assist firms and facilitate requests for extensions during the holidays.

The Board of Governors of the Federal Reserve System provided guidance on the process to be used by banking entities seeking an extension to continue to retain investments that qualify as "illiquid funds."

"Risk Desk" editor John Sodergreen considered the CFTC re-proposal on a position limits, despite opposition to it in Congress.

The U.S. Office of Financial Research reported that the U.S. financial system faces threats stemming from global disruptions and "financial system evolution."

Several trade associations submitted comment letters responding to the FDIC's proposed rulemaking to restrict the contractual provisions of qualified financial contracts entered into by certain FDIC-supervised institutions.