The SEC Office of Investor Education and Advocacy and the CFPB Office for Older Americans issued an investor bulletin and consumer advisory to help investors and consumers understand the potential impact of diminished capacity on their ability to make financial decisions. The bulletin defines "diminished financial capacity," and encourages investors and consumers to plan for possible diminished financial capacity well before it happens. See: SEC Investor Bulletin; CFPB Press Release.

As part of a review to identify outdated or unnecessary regulations, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System (collectively, the "Federal Banking Regulators") requested public comment on certain categories of regulations that apply to insured depository institutions. The Economic Growth and Regulatory Paperwork Reduction Act of 1996 requires that the Federal Banking Regulators conduct a review of and identify such categories every 10 years. Specifically, the Federal Banking Regulators

Vice Chairman of the Board of Governors of the Federal Reserve System (the "FRB") Stanley Fischer discussed lessons he has learned from the financial crises of the last two decades. He delivered his remarks at the International Monetary Conference in Toronto, Canada. Drawing from three academic papers the Vice-Chairman published in 1999, 2011 and 2014 while working at the International Monetary Fund, the Bank of Israel and the FRB, respectively, Vice-Chairman Fisher discussed the following lessons: Negative Interest Rates – Contrary to pre-Great Recession economic theory, central banks may use

The SEC charged two affiliated entities with using inaccurate data in the course of executing short sale orders. According to the SEC, broker-dealer personnel appropriately ceased using the easy-to-borrow ("ETB") list to source locates when availability of certain shares became restricted, but the firm's execution platforms were programmed to continue processing short sale orders based on the ETB list. The SEC found that it wasn't until the platforms received the next day's ETB list that they returned to utilizing accurate and present data. See: SEC Order.

SIFMA Asset Management Group ("SIFMA AMG") submitted a comment letter expressing concerns with the second public consultation document on Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions. The document was published by the Financial Stability Board ("FSB") and the International Organization of Securities Commissions ("IOSCO") (collectively, the "Organizations"). In the letter, SIFMA AMG "strongly" encouraged the Organizations to stop their efforts to create a methodology to designate asset managers and funds as systemically