University of Houston Finance Professor Craig Pirrong questioned a policymaking assumption that better understanding of the workings of financial networks can enable regulators to make financial markets better and, therefore, prevent the next financial crisis.

Senator Elizabeth Warren (D-MA), Senator Mark Warner (D-VA) and Representative Elijah E. Cummings (D-MD) requested that two systemically important derivative clearing organizations provide information regarding their respective recovery and resolution plans.

The House passed three financial services bills concerning: (i) angel investors, (ii) retail investor participation in crowdfunding, and (iii) the prevention of financial abuse of senior citizens.

ISDA summarized the compliance procedure for straight-through processing of swaps intended for clearing.

The SEC solicited comment on a FINRA proposal to amend the FINRA Rule 6700 Series and the Trade Reporting and Compliance Engine dissemination protocols.