FINRA reminded member firms that funding for the Governmental Accounting Standards Board ("GASB") comes from the GASB Account Support Fee, collected on a quarterly basis from member firms that report trades to the MSRB.

New SRO rule changes and proposals were announced by the SEC for the week of March 20 to March 24, 2017.

The CFTC extended the time period for relief from swap trade confirmation requirements.

The Senate Banking Committee held an open hearing on the nomination of Jay Clayton for SEC Chair. Mr. Clayton pledged to make U.S. capital markets more competitive, root out bad actors and "show no favoritism."

The Office of the Comptroller of the Currency reported that the trading revenue of U.S. banks reached $6 billion in the fourth quarter of 2016, an increase of $1.7 billion over revenue in the fourth quarter of 2015.