The CFTC's issued a notice of intent to renew the collection of certain information about reporting and recordkeeping. The information pertains to the information management requirements for derivatives clearing organizations ("DCOs"). The notice was published in the Federal Register. To determine whether (i) a DCO that wishes to accept a swap for clearing is eligible to clear the swap and (ii) the swap should be required to be cleared, the CFTC requests comments on the following issues: whether the proposed collection of information is necessary for the proper performance of the functions of

The Senate Committee on Banking, Housing and Urban Affairs held a hearing titled "The State of the Insurance Industry and Insurance Regulation." Witnesses testified on multiple issues regarding insurance regulation. One of them, Board of Governors of the Federal Reserve System ("FRB") Deputy Director of the Division of Banking Supervision and Regulation Mark Van Der Weide (view testimony), explained that the FRB has been "investing significant time" in enhancing its understanding of the insurance industry and the firms it supervises. He also said that the FRB is committed to tailoring its

After winning its first retaliation case, the SEC announced that it awarded a whistleblower with the maximum payment of 30 percent of the amount collected. In the SEC enforcement action In the Matter of Paradigm Capital Management, Inc. and Candace King Weir, File No. 3-15930 (June 16, 2014), the SEC charged Paradigm with retaliating against the whistleblower after learning that he reported potential misconduct to the SEC. According to the SEC, Paradigm immediately engaged in a series of retaliatory actions against the whistleblower that included removing him from his then-current position

The CFTC announced that the Global Markets Advisory Committee ("GMAC") will hold a public meeting on May 14, 2015. GMAC, which is sponsored by Commissioner Mark Wetjen, will focus the meeting on issues related to (i) clearinghouse safeguards and (ii) the CFTC's proposal on the cross-border application of its margin requirements for uncleared swaps. See: Federal Register Meeting Announcement; CFTC Press Release.

The Board of Directors of the Municipal Securities Rulemaking Board ("MSRB") met from April 22 to 23, 2015. At the meeting, the Board of Directors discussed the following rulemaking topics: pre-trade information, including an update from staff on the potential addition of pre-trade information to the EMMA Web site, and the staff's plan to strengthen its continued analysis by reviewing data provided voluntarily by market participants; best execution interpretive guidance; and pricing reference information. See: MSRB Press Release.