Based on the most recent stress tests, the Federal Reserve Board concluded that large banks had enough capital to continue to lend to households and businesses, even if they were required to absorb more than $540 billion in losses.

Senator Elizabeth Warren (D-MA) urged banking agencies to “accelerate” updating the bank merger review guidelines following the bank failures in March 2023.

A general securities firm settled FINRA charges for mismarking orders.

An introducing broker-dealer settled FINRA charges for inadequate review of order execution quality and a variety of disclosure failures.

The Financial Stability Oversight Council extended the comment deadline until July 27, 2023 on (i) proposed new interpretative guidance on the process for designating nonbank financial institutions for heightened Federal Reserve Board supervision and (ii) a proposed analytic framework for "identifying, assessing and addressing" financial stability risks.