The MSRB solicited volunteers to serve on a Market Transparency Advisory Group. The Group is being formed to modernize and improve the Electronic Municipal Market Access ("EMMA ® ") platform and other market transparency systems.
In its Annual Economic Report, dated June 23, 2019, the Bank for International Settlements urged regulators to implement policies and regulations that address the emergence of "big tech" in financial markets.
In a newly published consultative document, the Bank for International Settlements Basel Committee on Banking Supervision proposed several "limited adjustments" to the credit valuation adjustment risk framework.
SIFMA supported a Fixed-Income Clearing Corporation proposed rule change to expand the number of firms eligible to act as "Sponsoring Members" for repurchase transactions in U.S. government securities.
FINRA provided guidance on whether the dates that securities markets unexpectedly close for business should be considered as either a regular business day or non-business day for purposes of broker-dealer financial, operational and reporting rules.