The Federal Deposit Insurance Corporation announced the signing of a memorandum of understanding ("MOU") with the Canada Deposit Insurance Corporation ("CDIC") which formalizes and strengthens cross-border cooperation in the event of the failure of a large, complex financial institution operating in both countries. The MOU was signed Tuesday evening in Ottawa by CDIC President and CEO MichÉle Bourque and FDIC Chairman Martin J. Gruenberg. See: Bilateral Resolution Memorandum of Understanding with the Canada Deposit Insurance Corporation.

Delta Strategy Group released a very useful summary of the finalized "Made Available to Trade Rule." As previously explained, this is the process by which a swap execution facility ("SEF") may require that any swap that is subject to mandatory clearing also be traded only on a regulated market. Click here to see a summary of the "made available to trade" rule and process from Delta Strategy Group.

The CFTC held external meetings regarding cross-border issues. Meetings: Institute of International Bankers ("IIB") and BBVA Compass.

SIFMA submitted the attached comments to the industry's self-regulatory organizations ("SROs") and the Exchanges on the four selected topics concerning the National Market System Plan (the "NMS Plan") relating to the consolidated audit trail ("CAT") required under Exchange Act Rule 613. The SROs published the request for public comment on April 22, 2013. The four selected topics are as follows: Reporting on the Allocation of Securities in Primary Market Transactions; The Establishment of an NMS Advisory Committee; Time Stamp Requirements; and Clock Synchronization. Click here to view the

ICE Futures U.S. will list the first of ICE's Credit Index Futures, the Markit® CDX® Investment Grade WI Future contract, for trading on June 17, 2013. Contract specifications for the new futures contract can be found here. This contract is the first of four new credit index futures contracts based upon indices that are managed and administered by Markit Group Limited. Click here to learn more (links externally to IFUS website).