The Financial Services Authority has imposed a fine of £87.5 million on the Royal Bank of Scotland for failings in relation to the London Interbank Offered Rate ("LIBOR"). See also: The Royal Bank of Scotland Settles LIBOR Manipulation Charges with CFTC.

The CFTC has released information as to the subject of, and participants in, a number of recent meetings between the CFTC staff and the outside world addressing, among other Dodd-Frank topics: (i) SEF registration and (ii) the Position Limits Rule. See below for details of each meeting. DATE MEETING WITH RULEMAKING 02/06/2013More Info Fidelity PIMCO Vanguard SIFMA Goldman Sachs Asset Management XIII. SEF Registration 02/06/2013More Info Global Energy Alpine Group BG North America XXVI. Position Limits 02/04/2013 More Info ISE Eurex I. Registration XIV. FBOT Registration 02/01/2013 More Info

The Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau published adjusted exemption levels for Regulation Z and Regulation M on November 21, 2012. The adjustments reflect the annual percentage increase in the consumer price index that was in effect as of June 1, 2012. They are effective starting January 1, 2013. See: Amendment to Regulation Z; Amendment to Regulation M. See also: Press Release.

New SRO rules and rule proposals have been announced by the SEC. Click on the links to view the SEC's notices of each rule change and proposal. C2: Effective Immediately - Rule Change Related to the Opening of the Complex Order Book CBOE: Effective Immediately - Rule Change Related to the Opening of the Complex Order Book FINRA: Effective Immediately - Rule Change to Modify the "Late Report-T+N" Fee Applicable to Members Using the FINRA/Nasdaq Trade Reporting Facility FINRA: Notice of Filing of Proposed Rule Change to Require Members to Report OTC Equity Transactions As Soon As Practicable

The United States Senate Committee on Finance will meet on Wednesday, February 13, 2013, to consider Jacob Lew's nomination to serve as Treasury Secretary. See: Statement by Senator Orrin Hatch (R-Utah), Ranking Member of the Senate Finance Committee.