FDIC board member Thomas Hoenig delivered a speech ("Financial Stability Through Properly Aligned Incentives") before the Exchequer Club in Washington, D.C., arguing that commercial banks should once again be prohibited from engaging in higher risk activities such as investment banking. Hoenig's speech cites the period Glass-Steagall was in effect as having been a "period of relative stability . . . and strong growth of the economy," and goes on to state that the repeal of Glass-Steagall changed the incentive structure in banking and finance to encourage greater risk-taking and leverage within

The Depository Trust Clearing Corporation (DTCC) and SWIFT announced that their CICI Utility web portal has registered and certified more than 1,100 legal entities since August 21 (the date it went live). CICI Utility was jointly established to provide legal entity identifiers, which can be used by the financial industry to satisfy CFTC reporting requirements. At some point after October 12, the CFTC will begin mandating the use of CFTC Interim Compliant Identifiers (CICIs) for trading in OTC credit and interest rate derivatives. This requirement will apply to swap asset classes after mid

See below for date, rulemaking discussed, CFTC staff present, visitors, and organizations represented. WHEN: 9/17/2012 Rulemaking(s): V. Capital Margin CFTC Staff: John LawtonJohn DunfeeJason ShaferTodd PronoRafael Martinez Visitor(s): Gerald M. Stevenson (Noble Energy, VP-Treasurer)Jim Heis (Noble Energy, Director Risk Management)Richard D. Smith (Noble Energy, Manager Regulatory and Compliance)Megan Malone (Venable LLC) Organization(s): Noble Energy Inc.

See below for date, rulemaking discussed, CFTC staff present, visitors, and organizations represented. WHEN: 9/18/2012 Rulemaking(s): V. Capital Margin CFTC Staff: Thomas SmithJohn LawtonJennifer BauerJason ShaferJohn DunfeeDavid ReiffenRafael Martinez Visitor(s): Joseph Limone (Noble Americas, General Counsel)Salvatore Penna (Noble Americas, Chief Compliance Officer)De'Ana H. Dow (Capitol Counsel LLC, General Counsel) Organization(s): Noble Americas Corp.

See below for date, rulemaking discussed, CFTC staff present, visitors, and organizations represented. WHEN: 9/30/2012 Rulemaking(s): General CFTC Staff: Mark WetjenJoseph CisewskiTerry ArbitScott Reinhart Visitor(s): Blythe MastersDon ThompsonJeremy BarnumMark LenczowskiKate Childress Organization(s): JP Morgan