ISDA launched a new protocol to help market participants comply with the EU Bank Recovery and Resolution Directive and to make certain acknowledgments of bail-in powers.
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Representative Peter DeFazio introduced legislation that would levy a 0.03% tax on stock, bond and derivatives transactions in order to "discourage the same speculative financial trading that led to the 2008 Wall Street collapse and 2010 'Flash Crash.'"
The House Science, Space and Technology Committee released an interim staff report on FDIC cybersecurity including the preliminary results of an investigation into numerous FDIC data breaches.
The SEC proposed amendments related to disclosure requirements that "may have become redundant, duplicative, overlapping, outdated, or superseded, in light of other SEC [and US GAAP and International Reporting Standards] disclosure requirements...."
The SEC proposed amendments to Reg. NMS that would require broker-dealers to (i) disclose information about how institutional orders are handled, and (ii) expand the information that is included in existing retail order disclosures.