The Board of Governors of the Federal Reserve System requested comment on its proposal to revise the capital plan and stress test rules for bank holding companies with total consolidated assets of between $50 billion and $250 billion, on-balance sheet foreign exposure of less than $10 billion, and nonbank assets of less than $75 billion. The proposal was published in the Federal Register.
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The MSRB made a second request for comments on draft provisions concerning minimum denominations, particularly Draft MSRB Rule G-49 regarding transactions below the minimum denomination of an issue of municipal securities.
The SEC adopted revisions to the updated Electronic Data Gathering, Analysis, and Retrieval System Filer Manual and related rules. The updates are primarily intended to support the new submission form types for money market mutual funds. The final revisions was published in the Federal Register.
The MSRB requested comment on draft amendments on professional qualification requirements to establish continuing education requirements for certain associated persons of a municipal advisor.
The Monetary Policy and Trade Subcommittee of the House Financial Services Committee examined the regulatory approach taken by the Financial Stability Board and its "implications for U.S. growth and competitiveness."