In a testimony today before the US Senate Committee on Banking, Housing and Urban Affairs, CFTC Chairman Gary Gensler addressed the following issues: Implementation of Dodd-Frank Swaps Market Reform Transparency Central Clearing Swap Dealers Market Integrity/Position Limits Cross-border Application of Dodd-Frank’s Swaps Reforms Implementation Phasing Resources View testimony in full here (links externally to CFTC website).

FINRA Reg. Notice 12-25 In November 2010, the SEC approved FINRA's new suitability rule, FINRA Rule 2111. FINRA then issued Regulatory Notice 11-02, which announced the SEC's approval of the new rule and discussed its requirements. FINRA also issued Regulatory Notice 11-25, which offered further guidance on the rule and announced a new implementation date of July 9, 2012. This Notice provides significant guidance in the form of an FAQ on the new rule, and should be reviewed by all broker-dealers. Implementation Date: July 9, 2012 Cross References: Lofchie's Guide to Broker-Dealer Regulation

In a speech today, CFTC Chairman Gary Gensler addressed issues in the international swaps market and the cross-border application of Dodd-Frank's swaps reforms. Chairman Gensler also noted that the CFTC staff would be publishing for public comment a release on the cross-border application of swaps market reforms, that would likely include the following recommendations: "First, when a foreign entity transacts in more than a de minimis level of U.S. facing swap dealing activity, the entity would register under the CFTC’s recently completed swap dealer registration rules. Second, the release will

Testimony by Robert Khuzami, Director of the SEC Division of Enforcement before the Committee on Financial Services, U.S. House of Representatives. View testimony in full here.

The Federal Reserve Board, FDIC and OCC are issuing this guidance, which outlines high-level principles for stress testing practices, applicable to all Federal Reserve-supervised, FDIC-supervised, and OCC-supervised banking organizations with more than $10 billion in total consolidated assets. The guidance highlights the importance of stress testing as an ongoing risk management practice that supports a banking organization's forward-looking assessment of its risks and better equips the organization to address a range of adverse outcomes. Effective Date: This guidance will become effective on