The Federal Reserve Board, Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation requested comment on a proposed rule "to modify the enhanced supplementary leverage ratio standards applicable to ... global systemically important bank holding companies and their depository institution subsidiaries."
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A firm settled FINRA charges for failing to report TRACE-eligible bond trades and for lacking adequate supervisory systems to ensure compliance with trade reporting obligations.
FINRA proposed immediately effective rule amendments to implement a new fee aimed at recovering its portion of costs associated with the Consolidated Audit Trail.
Senator Elizabeth Warren opposed a reported plan to weaken the Enhanced Supplementary Leverage Ratio, a capital rule that requires the largest Wall Street banks to maintain financial buffers to guard against collapse.
SIFMA and ISDA urged the Federal Reserve Board to make major changes to proposed revisions to the Stress Capital Buffer rule, which governs how much capital large banks must hold to withstand economic downturns.