The FINRA proposal to update cross-references and make non-substantive technical changes to numerous FINRA rules was filed and published in the Federal Register. The changes are effective immediately. The proposal would, among other things, (i) update rule cross-references to reflect the adoption of new consolidated supervision rules, (ii) make technical changes to FINRA rules relating to arbitration and (iii) replace TRACE with ADF. Although the proposal was filed to be effective immediately, comments may be submitted until December 9, 2014. Se e: 79 FR 68731. Related news: FINRA Proposes to

FINRA appointed Joshua S. Levine and Robert W. Scully as new Public Governors to its Board of Governors. See: Press Release.

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency (collectively, the "Agencies") proposed clarifications to the Agencies' regulatory capital rules that apply to banking organizations that are subject to the advanced approaches risk-based capital rule. The proposed changes would include qualification criteria and calculation requirements for risk-weighted assets. The proposal applies only to large internationally active banking organizations that currently determine their regulatory capital ratios

The CFTC announced that the Agricultural Advisory Committee will convene on December 9, 2014 to discuss issues regarding deliverable supplies of commodities as they pertain to position limits and the agricultural sector of the economy. See: Press Release.

At the Cumberland Lodge Financial Services Policy Summit, CFTC Commissioner Mark Wetjen spoke about various issues relating to trade execution, principally in the cross-border context. Commissioner Wetjen stated that of all the recent changes in the derivatives markets, the trading mandate presents some of the "most novel" issues for global regulators. In particular, he noted that, in the current regulatory landscape, many trading decisions were made based on how to comply with or avoid rules instead of on the basis of the liquidity profile of a given marketplace. He said that he believes it