Federal Reserve System Governor Jerome Powell talked about the history of the central bank, and explained that the structure of the Federal Reserve System is a "compromise" designed to balance national and regional interests.

The SEC adopted an amendment to Exchange Act Rule 15c6-1 that shortens the standard settlement cycle for securities transactions to two business days after the trade date (T+2). The final rule became effective on March 30, 2017, and the compliance deadline is September 5, 2017.

FINRA revised and updated the Web API Specifications for TRACE Securitized Products.

The MSRB announced that municipal securities transactions will transition to a "regular-way settlement" cycle of two days ("T+2") on September 5, 2017.

SEC Acting Chair Michael Piwowar addressed best practices for the regulation of capital formation, and emphasized the importance of disclosure for lowering the cost of capital and protecting investors.