ISDA issued its 2014 ISDA Credit Derivatives Definitions, which is an updated and revised version of the 2003 ISDA Credit Derivatives Definitions – a document that contains the basic terms used in the documentation of most credit derivatives transactions. Trading that makes use of the new definitions is scheduled to begin on September 22, 2014. See: ISDA Press Release; 2014 Credit Derivatives Definitions Standard Reference Obligations FAQ.

President Barack Obama signed into law a bill, titled the "Money Remittances Improvement Act of 2014" (Public Law No. 113-156), that authorizes the Secretary of the Treasury to utilize state examinations conducted by a state supervisory agency, rather than federal reporting requirements, for certain financial institutions. Specifically, the new law authorizes the Secretary of the Treasury, with respect to compliance and reporting requirements, to rely upon examinations conducted by a state supervisory authority if: (i) the institution is required to comply with federal requirements; and (ii)

The Office of the Comptroller of the Currency ("OCC") issued an updated booklet, titled "Lease Financing," that is part of the Comptroller's Handbook. The booklet provides an overview of the leasing business, its associated risks, and sound risk management processes that can be utilized in supervisory activities. See: Lease Financing Booklet.

The MSRB announced that it will distribute a discretionary technology fee rebate of $3.6 million to eligible brokers, dealers and municipal security dealers. Payments are expected to be processed before September 30, 2014. Lofchie YouTube Selection: " Money Back." See : Press Release.

The Structured Finance Industry Group announced the release of its first green paper, titled "A Comprehensive Set of Proposed Industry Standards to Promote Growth in the Private Label Market," in its new RMBS 3.0 Green Paper Series. The RMBS 3.0 Green Paper Series is a collection of new research papers intended to restore "confidence to the 'private label' of residential mortgage-backed securities ('RMBS') market." The papers are a product of the RMBS 3.0 Initiative, which is designed to develop proposed standards to "reduce substantive differences within current market practices."