CFPB Director Rohit Chopra and SIFMA President Kenneth E. Bentsen, Jr. published opposing public statements on proposed revisions to capital requirements for large banking organizations.
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House Committee on Small Business Chairman Roger Williams (R-TX) questioned whether the SEC considered the effects on small investment advisory practices, capital access and innovation when the agency proposed new Exchange and Private Fund Adviser rules.
The CFTC set a comment deadline of September 26, 2023 for proposed amendments to wind-down plan requirements for derivatives clearing organizations.
The SEC re-approved amendments to FINRA margin requirements on "to-be-announced" and other "Covered Agency Transactions."
Senate Banking Committee Member Thom Tillis (R-NC) joined by Republican committee members requested that the Federal Reserve Board publicly release materials pertaining to its "holistic review" of capital requirements and other supporting documentation ahead of any policy changes.