Federal Reserve Board Governor Daniel K. Tarullo posed a series of questions on the risk of "runnable liabilities," a core issue raised by shadow banking.

The SEC appointed three new members to its Investor Advisory Committee. In addition, the SEC reappointed five members whose terms had recently expired.

Senator Sherrod Brown urged the SEC to finalize its recently proposed rules concerning liquidity risk for open-end funds and derivatives use by investment companies.

The House Financial Services Committee released a staff report investigating whether the U.S. Department of Justice's decision not to prosecute HSBC for "serious violations of U.S. anti-money laundering laws and related offenses" was "based on the size of financial institutions and [a] belief that such prosecutions could negatively impact the economy."

The CFTC simultaneously filed and settled charges against a commodities trading and distribution company for failing to file timely CFTC reports concerning call cotton purchases and sales.