Commentary by Steven Lofchie
CFTC Commissioner Brian Quintenz recommended various improvements to the swap data reporting regime, including advancing global harmonization efforts, streamlining reporting requirements and improving reporting accuracy.
The Board of Governors of the Federal Reserve System released stress testing scenarios for large bank holding companies and large U.S. operations of foreign firms.
FINRA created two new advisory committees, reorganized several existing committees, and informed members of opportunities to fill vacancies on various councils, boards and committees.
U.S. Senate Committee on Agriculture, Nutrition and Forestry Chair Pat Roberts (R-KS) and Ranking Member Debbie Stabenow (D-MI) requested information from the CFTC on oversight of cryptocurrency futures and options.