IOSCO analyzed the potential impact of mandatory post-trade transparency in the credit default swaps ("CDS") market. IOSCO defined the term "post-trade transparency" as referring to "a regulatory system that mandates disclosure of information, widely accessible to the public, about the price and volume of each relevant transaction" rather than "regulatory structures that allow for voluntary or selective disclosure of data." IOSCO concluded in the report that "greater post-trade transparency in the CDS market – including making the price and volume of individual transactions publicly available

FINRA proposed a rule change with the SEC to adopt FINRA Rule 3210 (Accounts at Other Broker-Dealers and Financial Institutions) into the consolidated FINRA rulebook. FINRA also proposed to delete NASD Rule 3050 (Transactions for or by Associated Persons) as well as delete incorporated NYSE Rules 407 (Transactions – Employees of Members, Member Organizations and the Exchange) and 407A (Disclosure of All Member Accounts) as well as the related Incorporated NYSE Rule Interpretations 407/01 and 407/02 (Transactions – Employees of Member Organizations and the Exchange). The proposed rule (as well

In remarks before the Federal Home Loan Bank of Chicago, titled "Leading Toward the Future; Ideas and Insight for a New Era," Comptroller of the Currency Thomas J. Curry discussed the future of the financial industry, including how responsible innovation can benefit the financial system, the risk management involved, the role the banks play, and what the OCC is doing to better understand the benefits and risks of innovative products and services identified by banks. See: OCC Press Release; OCC Comptroller Curry Remarks on Responsible Innovation and Risk Management. R elated News: OCC Hires

The CFTC announced the opportunity for public comment on the swap data recordkeeping and reporting requirements under Part 45 of the CFTC Rules (Swap Data Recordkeeping and Reporting Requirements) Comments must be submitted by October 6, 2015. See: 80 FR 47477: Notice of Intent To Renew Collection 3038-0096, Swap Data Recordkeeping and Reporting Requirements.

Several Democratic Senators urged the Department of Labor ("DOL") to "ensure that rules related to retirement savings do not work at cross-purposes in a way that could limit investor access to education and increase costs for middle-class Americans." Senators Jon Tester (D-MT), Joe Donnelly (D-IN), Heidi Heitkamp (D-ND), and Angus King (D-ME) submitted the letter regarding DOL's proposed changes to the ERISA definition of "fiduciary." The Senators expressed their concern that "the rule in its current form could stifle access to meaningful investment advice for millions of Main Street investors