The MSRB announced that John A. Bagley will join the MSRB as Chief Market Structure Officer on September 15, 2014. Mr. Bagley will lead the newly created Market Structure department, which is dedicated to ensuring that the MSRB's activities are "informed by economic analysis and understanding of current market practices, and reflect market activity based on data." See: MSRB Press Release.

The Senate Committee on Banking, Housing and Urban Affairs conducted a hearing titled "Wall Street Reform: Assessing and Enhancing the Financial Regulatory System." Witnesses at the hearing included: Governor Daniel Tarullo of the Board of Governors of the Federal Reserve System (view testimony); FDIC Chairman Martin Gruenberg (view testimony); Comptroller of the Currency Thomas Curry (view testimony); CFPB Director Richard Cordray (view testimony); SEC Chair May Jo White (view testimony); and CFTC Chair Timothy Massad (view testimony). Click here to view a summary of the hearing prepared by

The CFTC Division of Swap Dealer and Intermediary Oversight ("DSIO") issued an exemptive letter that provides relief from certain provisions of CFTC Rules 4.7(b) and 4.13(a)(3) which restrict marketing to the public. The letter permits the CPO to a private fund to advertise its offering of the fund broadly, to the extent permitted by the JOBS Act amendments to the Securities Act, without becoming subject to the full scope of CPO regulation. The letter harmonizes Rule 4.7(b) and Rule 4.13(a)(3) under the CEA with both Rule 506(c) of Regulation D and Rule 144A under the Securities Act, which, as

Chair of the House Financial Services Committee Jeb Hensarling, and Chair of the House Subcommittee on Capital Markets and GSEs Scott Garrett, sent a letter to Secretary of the U.S. Treasury Department Jack Lew regarding the recently announced effort to help jump-start the private label securities ("PLS") mortgage market. Chair Hensarling and Chair Garrett praised Secretary Lew for expressing interest in seeing the PLS market grow. While the Congressmen welcomed the Treasury's announcement, they stated that it is important to acknowledge there are obstacles to "rejuvenating" the PLS market

The CFTC announced the reestablishment of the Global Markets Advisory Committee and the Agricultural Advisory Committee. According to the Federal Register release, the charters for the reestablished Committees will be filed with the CFTC and respective Congressional Committees no sooner than 15 days following the date of the publication of the Federal Register notices. See: 79 FR 53421 (GMAC and AAC Notice).