FINRA notified member firms that the SEC approved a FINRA proposal to amend the Code of Arbitration Procedures for Customer and Industry Disputes arbitration award offset requirements.

The Board of Governors of the Federal Reserve System requested comments on a proposal to revise the capital plan and stress test rules for bank holding companies with $50 billion or more in total consolidated assets and U.S. intermediate holding companies of foreign banks.

Federal Reserve Board Governor Daniel K. Tarullo outlined potential changes to the statutory stress testing and Comprehensive Capital Analysis and Review programs.

The SEC settled charges with a financial services firm for maintaining ineffective trading controls that failed to prevent erroneous orders from being sent to the markets.

The MFA and the Futures Industry Association Principal Traders Group suggested further revisions to an SEC proposal to expand certain order-handling disclosure requirements.