The Federal Reserve Bank of New York, in cooperation with the Treasury Office of Financial Research, began publishing Secured Overnight Financing Rate compound averages for tenors of 30, 90 and 180 days as well as a SOFR Index.

The House Financial Services Committee voted to send to the full House of Representatives a bill that would increase the potential civil monetary penalty amounts that the SEC is authorized to obtain in certain enforcement actions.

FIA recommended changes to the Bank for International Settlements Basel Committee's proposed revisions to the bank regulatory credit valuation adjustment risk framework.

The FIA Law & Compliance Audit Trail Working Group urged the CFTC to amend certain audit trail requirements.

A U.S. District Judge for the District of Connecticut reversed a jury verdict that found a former energy executive guilty of seven counts of violating the anti-bribery provisions of the Foreign Corrupt Practices Act.