The SEC Division of Corporation Finance updated its Compliance and Disclosure Interpretations related to proxy rules and schedules.

Assistant Secretary of the Treasury for Terrorist Financing and Financial Crimes Elizabeth Rosenberg highlighted areas of increasing concern for AML/CFT policymakers: the hiding of ownership of assets managed by investment advisers and the lack of regulation over the non-financed segment of the real estate market.

Senate Banking Committee Republicans expressed concern as to the rising influence of the "Big Three" asset managers - BlackRock, State Street and Vanguard - on corporate America through the voting power resulting from their ownership of index funds.

Senate Banking Committee Chair Sherrod Brown (D-OH) introduced the "Close the Shadow Banking Loophole Act," which would subject industrial loan companies to the same rules and consumer protections as traditional banks under the supervision of the Federal Reserve.

Federal Reserve Board Vice Chair for Supervision Michael S. Barr outlined the elements of the board's "holistic" review of capital standards, and emphasized the importance of sufficient bank capital with respect to financial stability.