The Board of Governors of the Federal Reserve System approved a final policy statement describing the framework that the Board will follow under Regulation Q, in setting the amount of the U.S. countercyclical capital buffer.
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The Office of the Comptroller of the Currency requested comments on a proposed rule to establish a framework for the conduct of receiverships of uninsured banks.
The SEC requested comments on MSRB-proposed amendments to MSRB Rules G-15 and G-30 that would require dealers to provide retail investors with "meaningful and useful pricing information" in order to help them assess the cost of their municipal bonds transactions. The request for comments was published in the Federal Register.
An ISDA-commissioned review of the "empirical academic literature" concluded that single-name credit default swaps ("CDS") have a "positive impact on the supply of credit to many reference entities underlying traded CDS."
In remarks before the FINRA 2016 Fixed Income Conference, SEC Commissioner Michael S. Piwowar described current thinking on bond market liquidity and outlined regulatory developments and challenges in the corporate and municipal bond markets.