The Managed Funds Association criticized an FSOC proposal that would eliminate “key aspects” of current interpretive guidance on the process for designating nonbank financial institutions for heightened Federal Reserve Board supervision.
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FIA supported IOSCO’s recommendations to member jurisdictions on regulating crypto-asset activities under the fundamental principle “same business, same risks, same rules.”
SIFMA and the Financial Information Forum urged the SEC to better understand the "magnitude" of the costs associated with changing the funding model for the National Market System Plan Governing the Consolidated Audit Trail.
CFPB Director Rohit Chopra and SIFMA President Kenneth E. Bentsen, Jr. published opposing public statements on proposed revisions to capital requirements for large banking organizations.
The Managed Funds Association and the National Association of Private Fund Managers urged the SEC to consider the aggregate cost of recently proposed rulemakings on private fund advisers and fund investors.