The SEC announced it has named Kevin M. Kelcourse as the associate director for the Office of Compliance Inspections and Examinations in Boston. See: SEC Press Release.

The International Organization of Securities Commissions ("IOSCO") published a consultation report titled, IOSCO Task Force on Cross-Border Regulation, that identifies and describes cross-border regulatory tools and challenges. The consultation report describes cross-border regulatory tools that have been used, or are under consideration, by IOSCO members. The report addresses the challenges IOSCO members face in protecting investors, maintaining market quality, and reducing systemic risk. These tools provide the basis for developing a cross-border regulatory toolkit and common terminology

The CFTC Division of Clearing and Risk issued no-action relief to eligible treasury affiliates entering into swaps that are subject to the clearing requirement in CEA Section 2(h)(1) and CFTC Rules Part 50. The no-action letter modifies relief previously issued for treasury affiliates on June 4, 2013 in CFTC Letter 13-22. As with Letter 13-22, Letter 14-144 provides relief from required clearing for "eligible treasury affiliates" that are wholly-owned by a non-financial parent company, and are "financial entities" under CEA Section 2(h)(7)(C)(i)(VIII) because of the activities undertaken on

The Asset Management Group of SIFMA ("SIFMA AMG") submitted comments to the CFTC and U.S. prudential regulators (collectively, the "Agencies") regarding the Agencies' proposals on margin requirements for uncleared swaps. SIFMA AMG stated that, although it supports the proposed rules' further harmonization of OTC margin requirements with the Basel Committee on Banking Supervision and IOSCO September 2013 final international policy framework ("BCBS-IOSCO Framework") and the EU OTC margin framework ("EU Proposal"), new elements in the proposal "diverge in potentially significant ways" from the

The Board of Governors of the Federal Reserve System ("FRB") requested public comment on the application of enhanced prudential standards and reporting requirements to General Electric Capital Corporation ("GECC"), a non-bank financial company that the Financial Stability Oversight Council ("FSOC") has determined should be supervised by the FRB. The proposed enhanced prudential standards are similar to those that are applied to large bank holding companies, and include requirements regarding risk-based and leverage capital, capital planning, stress testing, liquidity, and risk management