FDIC Vice Chairman Thomas M. Hoenig delivered remarks on Basel III Capital to the International Association of Deposit Insurers 2013 Research Conference in Basel, Switzerland. The principal topic of his speech was the way in which banks game the risk measures that are imposed on them by regulatory authorities. He also discussed various measures of bank regulatory capital. View speech in full here (links externally to FDIC website).

The CFTC has submitted its brief to the U.S. Court of Appeals for the District of Columbia in its appeal of the position limits case. Last September, the U.S. District Court for the District of Columbia upheld the challenge of ISDA and SIFMA to the CFTC's position limit rules promulgated under Dodd-Frank, vacating the rules in their entirety on the ground that the CFTC had failed to make a finding that position limits were in the public interest prior to imposing them. ISDA v. CFTC, 887 F. Supp. 2d 259 (D.D.C. Sep. 28, 2012) (ruling that CFTC had no "clear and unambiguous mandate" to set

This document corrects a compliance date which appears in the preamble to a notice of final rulemaking published in the Federal Register of December 21, 2012 (77 FR 75523) regarding the Adaptation of Regulations to Incorporate Swaps - Records of Transactions. Date: This correction to the preamble is effective April 9, 2013. View Final Rule Correction in full here (links externally to CFTC website). See also: 77 FR 75523 (Fed. Reg. Version).

Federal Reserve Chairman Ben S. Bernanke delivered a speech at the "Maintaining Financial Stability: Holding a Tiger by the Tail" financial markets conference sponsored by the Federal Reserve Bank of Atlanta, Stone Mountain, Georgia. Chairman Bernanke discussed the Fed's plans to avert strains in the banking system by pushing financial companies to better manage liquidity risk and reduce reliance on wholesale funding. The use of supervisory stress tests have strengthened the banking system and aided economic growth, according to Bernanke. In his speech, Bernanke discussed: (i) the state of the

The SEC adopted a final rule that streamlines the SEC rule approval process for clearing agencies that are registered with both the SEC and the CFTC. The final rule, which adopts and expands upon an interim rule, allows rule changes filed with dually registered clearing agencies to become effective without SEC action when the rule is related to products that are not securities, including securities futures, swaps that are not securities-based swaps or mixed swaps, and forwards that are not security forwards. The rule change does not significantly affect the clearing agencies' securities