The Office of the Comptroller of the Currency requested comment on a proposal concerning the exercise of default rights of certain financial contracts that could interfere with the orderly resolution of certain systemically important financial firms.
News & Insights
The SEC solicited comment on a FINRA proposal to require members to disclose markups on retail customer confirmations for certain transactions in fixed income securities. The request for comment was published in the Federal Register.
The Committee on Payments and Markets Infrastructures and IOSCO requested comments on guidance published in two collaborative reports. The guidance is intended to (i) enhance the resilience of central counterparties, and (ii) outline implementation of the "Principles for Financial Market Infrastructure."
The CFTC filed a civil enforcement action against a registered Retail Foreign Exchange Dealer for undercapitalization, failing to report its undercapitalization, and representing that it would guarantee customers against losses.
The Financial Stability Board published additional guidance on resolution planning for financial institutions.