Senate Banking Committee Ranking Member Elizabeth Warren pressed SEC Chair Paul Atkins to address allegations of political interference in enforcement matters before the agency.
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The SEC Division of Trading and Markets issued an Order and a related no-action letter regarding the collateral that broker-dealers may pledge when borrowing customer securities.
ISDA CEO Scott O’Malia described the revised Basel III endgame proposal as a "major improvement" that enhances clarity and risk sensitivity, but emphasized that key issues remain.
The Department of Labor proposed a rule providing a safe harbor for 401(k) plan fiduciaries when selecting designated investments involving alternative assets.
Federal Reserve Governor Michael S. Barr offered a cautious outlook for the U.S. economy, painting a picture of a resilient economy — but one increasingly buffeted by shocks from the conflict in the Middle East, tariffs and a labor force slowdown.