Federal Reserve Board Governor Jerome H. Powell detailed the risks that are faced by central counterparties and their members.

New York Republican Congress members called on U.S. Treasury Department Secretary Steven T. Mnuchin to reconsider the proposal to eliminate the federal deduction for state and local taxes.

The Committee on Payments and Market Infrastructures and IOSCO asked for public comment in response to draft guidance on "how to run and design supervisory stress tests for central counterparties."

A Hong Kong cotton company agreed to pay a $225,000 civil monetary penalty to settle CFTC charges alleging violations of cotton reporting requirements.

The SEC Division of Corporation Finance granted an exemption from registration of membership interests to a Georgia-based mutual insurance company reorganizing to become a stock company.