CFTC Chairman Gary Gensler announced the initial edition of the CFTC's Weekly Swaps Report, which will be published each Wednesday at 3:30 p.m. to provide the public with a detailed view of the swaps marketplace. The Weekly Swaps Report uses data collected from swap data repositories ("SDRs") in the interest rate asset class and credit asset class, and represents only those swaps that are reported to the CFTC's registered SDRs by swap market participants. The Report currently incorporates data from three SDRs: CME Group SDR, DTCC Data Repository and ICE Trade Vault; however, data from

SEC Commissioner Gallagher delivered a speech at Columbia Law School focusing on corporate penalties in enforcement actions, which he described as a "vexing" issue for the SEC. He referenced the recent settlement from the London Whale case, which cost JPMorgan $920 million. He explained further that the money for this penalty comes not from the bank, but from the shareholders who were presumably already the victims of the events and were now "victimized" again by the settlement. The SEC has been sharply divided on the appropriateness of penalizing public companies, Commissioner Gallagher

SEC Chair Mary Jo White spoke at the Managed Funds Association ("MFA") Outlook 2013 conference, addressing some of the recent changes that have been brought about by the JOBS Act and hedge fund registration. In her remarks, she cited the following as JOBS Act benefits in the industry: Enabling managers to communicate with the public and talk about their businesses is an important step in improving transparency and providing substantial benefit to investors, regulators and the public. Managers can provide accurate information to media or a third party. Investors can benefit from increased

SIFMA, the American Bankers Association ("ABA"), The Clearing House Association L.L.C. ("The Clearing House") and the Institute of International Bankers ("IIB") submitted the comment letter linked below to the U.S. Department of the Treasury and the Internal Revenue Service ("IRS") requesting an additional extension of the Foreign Account Tax Compliance Act ("FATCA") phased timeline. The letter states that, without the Final Guidance, firms cannot do the following: complete their implementation plans, finalize budgets, prepare needed written procedures, hire and train internal personnel

NASAA has published the Fall 2013 edition of its NASAA Insight newsletter. The following items are covered in this edition: Ohio Securities Commissioner Andrea Seidt Pledges Pursuit of "Smart Regulation" as NASAA President NASAA Outlines Plan for Streamlined Multi-State Review of JOBS Act Offerings to Senate Panel Top 10 Investor and Small Business Threats NASAA Strongly Supports Investor Choice Act of 2013 Enforcement Report Showcases Vital State Investor Protection Role Regulation A+ in the Spotlight Inside NASAA's Coordinated Review Proposal NASAA Asks Congress to Take "Balanced Approach"