SIFMA, ISDA, FIA, and other industry trade associations and diverse banking organizations made recommendations on proposed changes to regulations implementing the "Volcker Rule."
News & Insights
The SEC may reevaluate a decision by the Division of Markets and Trading to approve a proposed rule change that permits the listing and trading of quadruple-leveraged exchange-traded funds.
The SEC approved a proposed rule change that will permit the listing and trading of the first quadruple-leveraged exchange-traded funds ("ETFs"). Prior to this approval, the highest-leveraged ETFs offered three times leveraged (or inverse leveraged) exposure to their benchmarks.
The House Financial Services Committee approved six bills intended to enhance capital formation.
The Board of Governors of the Federal Reserve System provided guidance on the process to be used by banking entities seeking an extension to continue to retain investments that qualify as "illiquid funds."