A firm settled FINRA charges for trade reporting failures on transactions in municipal securities and for related supervisory deficiencies.

Banking regulators testifying before the House Financial Services Committee described a coordinated shift toward supervision centered on material financial risks rather than process driven mandates.

Experts urged regulators to adopt certain structural reforms at a House Financial Services Task Force hearing on the role of primary dealers in Treasury markets and how increasing government debt issuance impacts their capacity to make markets and participate in Treasury auctions.

A firm settled FINRA charges for failing to establish adequate supervisory procedures to monitor registered representatives' outside brokerage accounts.

In its semiannual Supervision and Regulation Report, the Federal Reserve Board assessed the condition of the banking sector, recent regulatory actions, and current supervisory priorities.