INVESTORS | SEC's CAT Imminent, Fed & SIIs, 'New Normal' in Financial Markets, 'Miss Bitch' in Binge Reading

Week InReview | Crooks, collateral shortages & insider trading in ICYMI | SEC's Consolidated Audit Trail 'very soon' | Fed 'consolidated approach' for SIIs | Towards a 'new normal' in financial markets | 'Miss Bitch,' travel apps & Ethereum in Binge Reading Disorder

Friday, Jun 3, 2016

Let's recap

In case you missed it . . .

Crooks are using an international messaging system to rob banks (Jun 2)

From one collateral shortage to the next: banking regulators may have made a big mistake, according to a new BIS working paper (Jun 1)

How the Feds pulled off the biggest insider-trading investigation in U.S. history (Jun 1)

Europe rules on bank research seen biting U.S. fund managers (Jun 1)

PBOC shines light on risks in $8 trillion shadow loan market (May 31)

CAT proposal imminent

SEC's White

(Jun 2) The Consolidated Audit Trail (CAT) - a proposal that would beef up requirements for how brokers disclose order-routing for institutional and retail clients - is imminent, SEC Chair Mary Jo White said at a meeting of the SEC's historical society in Washington. The proposal would be part of a slate of market structure rules that White has pushed during her tenure. White said her agency will "very soon" consider a proposal for customer-specific institutional order routing disclosures and the SEC's commission's Equity Market Structure Advisory Committee will soon vote on a formal access fee pilot program recommendation.

Draft rules for SIIs

Fed may approve on Friday

(Jun 1) On Friday, Jun 3, the Federal Reserve is expected to approve draft rules for systemically important insurance companies (SIIs). Detailed text will be released during or following their 3 pm ET public meeting (available via webcast). The final rule, to be issued in late 2017 or 2018, wouldn't go into effect until 2019 at the earliest. Fed Governor Daniel Tarullo gave a preview of the rules on May 20.

Towards 'a new normal'

BIS releases working papers

(Jun 1) The Bank for International Settlements 14th annual conference took place at the Palace Hotel in Lucerne, Switzerland in June 2015. P apers presented at the conference, "Towards 'a new normal' in financial markets?" were just released as BIS Working Papers nos 561 to 564: