CFTC Commissioner Summer K. Mersinger asserted that the Basel III Endgame Proposal, if adopted, would have a significant negative impact on derivatives markets.
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The FDIC proposed amendments to the Federal Deposit Insurance Act to allow certain individuals who have prior convictions to work for FDIC-insured financial institutions.
Federal Reserve Board Vice Chair Philip N. Jefferson outlined current policy questions on central clearing in the Treasury market.
The House Financial Services Committee marked up legislation offered by Democrats to advance targeted reforms in response to the failures of Silicon Valley Bank, Signature Bank and First Republic Bank.
A bipartisan group of Senators on the Banking, Housing and Urban Affairs Committee revised a bill to provide that "the Federal Deposit Insurance Corporation and appropriate Federal regulators have the authority to claw back certain compensation paid to executives."