The Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment will meet in open session to conduct hearings on (i) private investment in the housing market and (ii) cross-border bankruptcy resolutions. See : Hearing - "Returning Private Capital to Mortgage Markets: A Fundamental for Housing Finance Reform";Hearing - "Improving Cross Border Resolution to Better Protect Taxpayers and the Economy".

SEC Commissioner Daniel M. Gallagher delivered remarks, which focused primarily on the municipal securities markets, at the 45th Annual Rocky Mountain Securities Conference in Denver, Colorado. Commissioner Gallagher began his remarks by discussing the value of specialized enforcement groups within the SEC. He then refuted the notion that a decrease in the number of enforcement cases means that the SEC is less focused on enforcement. After this introduction, the largest part of the Commissioner's speech focused on the municipal securities markets. He indicated that the SEC would be devoting

SEC Commissioner Elisse B. Walter delivered remarks at the SRO Outreach Conference regarding the opportunity for SRO staff to join staff from OCIE and the SEC Division of Trading and Markets in discussions of "hot-button" topics. View remarks in full here (links externally to SEC website). See also: SEC Commissioner Aguilar's Speech on the Need for Robust Oversight of SROs (with Lofchie Comment).

The MFA submitted a comment letter to the UK's Financial Conduct Authority in response to the FCA's second consultation paper on implementation of the AIFMD. In the letter, the MFA encouraged the FCA to: (1) amend the proposed FCA regulations to provide a one-year transition period for all fund managers covered by the AIFMD; (2) permit UK fund managers to use one or more depositories when marketing non-EU funds; (3) adopt, as proposed, a qualitative approach with respect to determining when a delegation arrangement would lead to a so-called "letter box" entity; (4) adopt a residence test

The MFA, the American Council of Life Insurers ("ACLI"), and the Alternative Investment Management Association ("AIMA") (collectively, the "Associations") submitted a joint letter to SEC Chairman White and CFTC Chairman Gensler with a request for action by the two commissions to improve coordination and to facilitate portfolio margining for customers in the cleared credit default swaps ("CDS") market - and, more specifically, to lower margin requirements, particularly on single-name CDS regulated by the SEC. In the letter, the Associations expressed members' concerns with the SEC Staff's