Board of Governors of the Federal Reserve System Vice Chair Stanley Fischer reviewed post-Dodd-Frank Act developments in regulation and supervision concerning the role of the Federal Reserve as "lender of last resort."
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The CFTC granted an exemption to certain member firms of the Korea Exchange from being required to register as futures commission merchants.
The SEC adopted an amended cross border rule that affects non-U.S. firms operating a U.S. branch or office and using personnel located there to "arrange, negotiate, or execute" ("ANE") a security-based swap transaction in connection with the firm's dealing activity.
CFTC Chair Timothy Massad detailed proposed spending priorities in the FY 2017 CFTC budget request.
CFTC Chair Timothy Massad highlighted the CFTC's accomplishments over the past year and laid out a number of key priorities for the months ahead.