An independent review commissioned by the UK's Financial Conduct Authority said AI will transform retail financial services by 2030 and beyond.

The SEC's Division of Corporation Finance issued a no-action letter informing UBS Group AG it would not recommend enforcement were the bank to convert its outstanding debt or hybrid securities into new shares during a Swiss bail-in without registering the new shares.

The American Bankers Association backed the SEC's plan to allow public companies to report twice a year instead of quarterly, while urging the agency to also reduce the amount of required disclosure.

ISDA and SIFMA urged the SEC to make permanent the current thresholds that trigger registration as a security-based swap dealer.

DTCC published an article announcing the launch of a Client Onboarding Hub to speed the onboarding of indirect participants for U.S. Treasury clearing.