In response to recent statutory changes, the SEC reopened the comment period for proposed amendments to SEA Rule 13n-4 that relate to regulatory access to security-based swap data that is held by security-based swap data repositories. The SEC's request for comments was published in the Federal Register.
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The National Cattlemen's Beef Association urged the Chicago Mercantile Exchange Group to consider recommendations to reduce volatility in the market caused primarily by high frequency trading. The recommendations are intended to provide Association members with "the confidence to continue utilizing CME Group livestock futures contracts as a risk management tool."
FDIC Vice Chair Thomas M. Hoenig argued that mandating increased levels of debt in order to facilitate the resolution of failing banks is "paradoxical" because it may "undermine the very financial stability being sought."
The SEC settled charges against a mortgage service provider for "misstated financial results." According to the SEC, the provider failed to value mortgage servicing rights appropriately in violation of numerous sections of the Securities Exchange Act.
SEC Division of Investment Management Associate Director Susan Nash will leave the SEC at the end of January 2016.