The Board of Governors of the Federal Reserve System requested comments on the application of enhanced prudential standards for certain nonbank financial companies with significant insurance activities that the Financial Stability Oversight Council determined were under its supervision.

In response to recent cyberattacks, the Federal Financial Institutions Examination Council urged financial institutions to manage risks actively that are associated with interbank messaging and wholesale payment networks.

An investment firm will pay approximately $194 million to compensate certain clients for a proxy voting error made in connection with a 2013 leveraged buyout of a computer technology company.

House Financial Services Committee Chair Jeb Hensarling (R-TX) released an executive summary of the "Financial CHOICE Act," a Republican plan to replace the Dodd-Frank Act.

FIA President and CEO Walt Lukken asserted that a "great deal" of industry uncertainty is caused by the challenge of meeting post-crisis regulatory requirements.