The Federal Reserve Board proposed creating a new, restricted type of account at a Federal Reserve bank that would let payments-focused institutions clear and settle transactions directly without holding a full master account.

The SEC and the National Futures Association signed a Memorandum of Understanding to collaborate on supervision and share information about firms and markets in areas of common regulatory interest.

The SEC approved rule changes allowing the Options Clearing Corporation to begin clearing "European-style" binary options. The amendments add a margining mechanism for the products to OCC's risk model.

The SEC instituted proceedings to decide whether to approve a FINRA rule amendment that would let member firms project investment performance and advertise targeted returns to the public.

The House Financial Services Committee's Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, will examine the structure of the Federal Reserve System.