A U.S. District Court issued a preliminary injunction preventing Tennessee officials from enforcing state sports wagering laws against a prediction market operator.
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Researchers from the Treasury Department's Office of Financial Research analyzed confidential credit default swap data and found that client clearing improves pricing and competition but introduces operational fragilities in times of stress.
The SEC’s Division of Trading and Markets updated guidance on the net capital treatment of proprietary positions in payment stablecoins.
Senate Democrats accused Federal Reserve Vice for Supervision Chair Michelle Bowman of weakening bank oversight by removing examiners from their positions following industry complaints.
Senate Democrats asked Federal Reserve Vice Chair for Supervision Michelle Bowman to justify commissioning a new review of the Silicon Valley Bank collapse that would downplay the role of Trump-era bank deregulation.