The CFTC voted to require certain interest rate swaps that are denominated in specific currencies to be subject to clearance.
News & Insights
The SEC voted to adopt final rules to establish enhanced standards for the operation and governance of securities clearing agencies that are deemed systemically important or are involved in complex transactions.
The SEC proposed an amendment that would shorten the standard settlement cycle for most broker-dealer securities transactions from three to two business days after the trade date.
In testimony before the Financial Services Committee, Federal Reserve Board Chair Janet L. Yellen asserted that the financial condition of large, regional and community banking organizations has "strengthened significantly since the crisis."
The SEC found that FINRA and MSRB "Pay to Play" rules impose "substantially equivalent or more stringent restrictions on broker-dealers" as those of the SEC for investment advisers. The final Order was published in the Federal Register.