The Senate Banking Committee questioned nominees for Federal Reserve Board Vice Chair and Board Governor.

Federal Reserve Bank of New York General Counsel and Head of Legal Group Richard Ostrander described lessons learned from the failures of Signature Bank and Silicon Valley Bank.

U.S. Assistant Attorney General for the Antitrust Division Jonathan Kanter questioned whether the 1995 bank merger guidelines are "adequate to measure and assess the many different dimensions of competition that exist today," in light of "an industry that has experienced some recent turmoil."

In remarks before the FIA International Derivatives Conference, CFTC Commissioner Christy Goldsmith Romero argued that the financial industry must move from a "mentality of incident response to one of cyber resilience."

The Managed Funds Association argued that the SEC's proposed regulatory framework to require disclosure of short position information is "duplicative" and "unnecessarily complex and costly."