IOSCO published a report that summarizes the progress made by 31 jurisdictions in adopting legislation, regulation and other policies in relation to money market funds ("MMFs"). The report was undertaken in response to a September 2013 request from G20 Leaders in St. Petersburg that IOSCO conduct a peer review on progress regarding MMF regulatory reforms. The report covers the implementation progress for the eight reform areas that were covered previously in IOSCO's 2012 report, Policy Recommendations for Money Market Funds. Twenty -three Financial Stability Board ("FSB") members representing

In the latest installment of the Energy Metro Desk's "2014-2015 Forecast Update," CFTC Commissioner J. Christopher Giancarlo reflected on the past nine months since he outlined his "wish list for the CFTC for 2015" and said that he is "not sure we've really moved much past the old false narrative covering the actions of the [CFTC]." Commissioner Giancarlo said that one of the reasons his sentiments have "not really changed all that much" is because "the [mainstream news] coverage of the cross-border application of margin for uncleared swaps just seemed to fall inside the same old line."

The CFTC approved NFA amendments to its Financial Requirements, Sections 11 and 12, as well as to NFA Compliance Rule 2-36 and the related Interpretive Notice 9060 on NFA Compliance Rule 2-36. The amendments to Section 11 of the NFA Financial Requirements require each forex dealer member ("FDM") to continue to maintain a minimum of $20 million in capital, and additional capital that is equal to 5 percent of all liabilities owed to customers (as defined in NFA Compliance Rule 2-36(o)) that exceed $10 million. The amendments to Section 11 also require an FDM to maintain additional capital for

In a letter addressed to SEC Chair Mary Jo White, a group of 44 senators expressed their support for a petition of rulemaking that would require public companies to disclose their political spending to shareholders pursuant to Section 14 of the Securities Exchange Act. The letter conveyed the senators' opinion that "because shareholders are the true owners of the corporation, a public company should be required to disclose to its owners how their money is being spent." The senators observed that the SEC has received "more than 1 million public comments" supporting the petition, including

The Federal Energy Regulatory Commission ("FERC") selected Max Minzner to lead the Office of General Counsel. FERC also appointed David Morenoff, who had been serving as FERC general counsel, to the position of deputy general counsel. Minzner, was special counsel to current FERC Chair Norman Bay, when Bay was director of the FERC Office of Enforcement in 2009-2010. Minzner taught law at the University of New Mexico ("UNM") School of Law and the Benjamin N. Cardozo School of Law. At UNM, he served as associate dean for Academic Affairs and was awarded the 2013-2015 UNM Presidential Teaching