ISDA released a new form letter to enable counterparties to notify one another of their respective status in advance of new clearing requirements in Hong Kong.

The Group of 20 Finance Ministers and Central Bank Governors reviewed members' efforts to respond to "key economic challenges, as well as the progress . . . made since the beginning of this year."

The SEC Office of Compliance Inspections and Examinations outlined an initiative to identify conflicts of interest related to compensation or financial incentives when registered advisers recommend mutual fund and 529 Plan share classes that have substantial loads or distribution fees.

The MSRB filed a partial amendment in order to (i) shorten the amount of time in which a firm may resolve an inter-dealer fail from 20 calendar days to 10 and (ii) permit the buyer to grant a one-time ten-calendar-day extension to the seller.

On the anniversary of the passage of the Dodd Frank Act, Financial Services Committee Chair Jeb Hensarling argued that "[i]nstead of ending 'too big to fail,' Dodd-Frank has created 'too small to succeed.'"