SUMMARY: Seventeen House Democrats urged prudential regulators to ease initial margin requirements for inter-affiliate swap transactions by harmonizing with the CFTC and other major G20 regulators.
The U.S. Senate Committee on Banking, Housing and Urban Affairs considered testimony from non-government organizations about how draft legislation that would require businesses to report beneficial ownership information might impact small businesses.
Two Japanese corporations agreed to settle FTC charges for violating the premerger notification and waiting period requirements under the Hart-Scott-Rodino Act.
CFTC Commissioner Dan Berkovitz praised the CFTC for getting it "about right" regarding the "energy revolution" and the "regulatory revolution" after Dodd Frank.
The U.S. Senate Committee on Banking, Housing and Urban Affairs considered testimony on the collection, use, and protection of personally identifiable information in light of the EU's General Data Protection Regulation.
In an address on the application of antitrust laws to the financial sector, DOJ Assistant Attorney General Makan Delrahim stated that theories concerning the common ownership debate and institutional investors must be "rooted in theories of harm."
The CFTC notified a British-Swiss commodities trading and mining firm that its organization and its subsidiaries are under investigation for corrupt practices.
A U.S. industrial tool manufacturer, on behalf of its China-based subsidiary, agreed to settle alleged violations of the Iranian Transactions and Sanctions Regulations.
