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Steven Lofchie Commentary by Steven Lofchie

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.

Steven Lofchie Commentary by Steven Lofchie

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.