The Treasury's Office of Financial Research adopted a rule to require certain financial service firms to report data on non-centrally cleared bilateral transactions in the repurchase agreement market.
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A member of the Financial Policy Committee of the Bank of England urged regulators, market participants and AI safety experts to work together to ensure that the behavior of any future algorithms can be constrained and controlled.
The U.S. House of Representatives passed a resolution to "disapprove" SEC Staff Accounting Bulletin No. 121, which prevents banks from providing custodial services to "digital assets [investors by requiring them to keep] those assets on their balance sheet."
Witnesses before the House Financial Services Subcommittee on Capital Markets criticized the current SEC approach to enforcement, suggesting it fails to strike the right balance between deterring and punishing securities fraud and preserving due process rights.
The Congressional Research Service identified policy issues concerning the use of the Federal Reserve discount window to serve effectively as a lender of last resort. In its report, CRS reviewed the difficulties that troubled banks encountered when trying to access the discount window in 2023.