As part of a review to identify outdated or unnecessary regulations, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System (collectively, the "Federal Banking Regulators") requested public comment on certain categories of regulations that apply to insured depository institutions. The Economic Growth and Regulatory Paperwork Reduction Act of 1996 requires that the Federal Banking Regulators conduct a review of and identify such categories every 10 years. Specifically, the Federal Banking Regulators

Vice Chairman of the Board of Governors of the Federal Reserve System (the "FRB") Stanley Fischer discussed lessons he has learned from the financial crises of the last two decades. He delivered his remarks at the International Monetary Conference in Toronto, Canada. Drawing from three academic papers the Vice-Chairman published in 1999, 2011 and 2014 while working at the International Monetary Fund, the Bank of Israel and the FRB, respectively, Vice-Chairman Fisher discussed the following lessons: Negative Interest Rates – Contrary to pre-Great Recession economic theory, central banks may use

The SEC charged two affiliated entities with using inaccurate data in the course of executing short sale orders. According to the SEC, broker-dealer personnel appropriately ceased using the easy-to-borrow ("ETB") list to source locates when availability of certain shares became restricted, but the firm's execution platforms were programmed to continue processing short sale orders based on the ETB list. The SEC found that it wasn't until the platforms received the next day's ETB list that they returned to utilizing accurate and present data. See: SEC Order.

The Office of Financial Research ("OFR") published a working paper which explores statistical commonalities among granular measures of market liquidity with the goal of illuminating system-wide patterns in aggregate liquidity. Lofchie Comment: While the bulk of this paper is too mathematical to be comprehensible to lawyers, there are still bits of it that can be understood by those without mathematical training. Some of the key conclusions are: (i) liquidity is hard to measure; (ii) disappearances of liquidity are sufficiently unusual that they are particularly hard to study; and (iii) when

The SEC order approving FINRA-proposed rule amendments to the Code of Arbitration Procedure for Customer and Industry Disputes was published in the Federal Register. The proposed amendment would increase the fee for the late cancellation or postponement of a scheduled hearing. Additionally, the rule change lengthens the notice period for cancelling or postponing a scheduled hearing session from three business days to ten calendar days, and increases the amount of honoraria paid to arbitrators affected by the late cancellation or postponement of a scheduled hearing session from $100 to $600 per