Financial Crimes Enforcement Network Director Jennifer Shasky Calvery warned of money-laundering vulnerabilities in the real estate industry, particularly the risks associated with "all-cash" real estate purchases.

The European Commission proposal will (i) clearly separate the research and trading costs of the fees that asset managers charge customers and (ii) delay both the transposition and application of MiFID by one full year.

The CFTC Division of Swap Dealer and Intermediary Oversight granted relief to several commodity pool operators from the annual report filing requirement and the requirement that such reports contain audited annual financial statements.

Executive Vice President of the Federal Reserve Bank of New York Kevin Stiroh discussed the concept of supervision (as opposed to regulation) and outlined three areas of recent supervisory focus: cybersecurity, FinTech and reputational risk.

The CFTC Division of Swap Dealer and Intermediary Oversight took the view that a fund owned and operated by two brothers is not a commodity pool.