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Covering how Washington regulates Wall Street (or doesn't) for The Wall Street Journal. DC via ATL and Central Fla. andrew.ackerman@wsj.com

Fed Proposes Relaxing Rules Affecting Municipal Bonds

wsj.com — WASHINGTON-Large U.S. banks will be able use some municipal bonds to meet new postcrisis rules aimed at ensuring they have enough cash during a financial-market meltdown under relaxed rules proposed by the Federal Reserve.

SEC Votes to Propose New Mutual Fund Reporting Rules

wsj.com — WASHINGTON-The Securities and Exchange Commission on Wednesday took the first in a series of steps aimed at giving regulators a better handle on risk in the $60 trillion asset-management industry. The SEC voted 5-0 to significantly boost the volume of data the agency collects from the industry, requiring mutual-fund firms such as Fidelity Investments and BlackRock Inc.

SEC Chief of Staff to Leave Post

wsj.com — Lona Nallengara to leave commission at the end of June WASHINGTON-Securities and Exchange Commission Chairman Mary Jo White is losing her right-hand man, adding to a steady stream of recent departures for the nation's top markets cop. Lona Nallengara, Ms. White's chief of staff and top adviser, plans to leave the commission at the end of June, the SEC said Tuesday.

CFTC’s Massad Criticizes Legislation to Reauthorize Agency for Five Years

wsj.com — WASHINGTON-The head of the Commodity Futures Trading Commission criticized House legislation to reauthorize his agency for five years, saying provisions outlining the CFTC's regulatory powers are unneeded or unduly restrictive. CFTC Chairman Timothy Massad said he opposed the legislation, warning in a letter to House Agriculture Committee...

Republican SEC commissioner Gallagher to step down

marketwatch.com — Daniel Gallagher, a Republican member of the Securities and Exchange Commission, is preparing to step down after nearly four years at the agency, according to people familiar with the matter. Gallagher has notified the White House of his plans to leave the five-member agency as soon as a successor is confirmed by the Senate, people familiar with the matter said.

Republican SEC Commissioner to Step Down

wsj.com — WASHINGTON-Daniel Gallagher, a Republican member of the Securities and Exchange Commission, is preparing to step down after nearly four years at the agency, according to people familiar with the matter. Mr. Gallagher has notified the White House of his plans to leave the five-member agency as soon as a successor is confirmed by the Senate, people familiar with the matter said.

Cyberattacks Represent Top Risk, SEC Chief Says

wsj.com — WASHINGTON-Cyberattacks represent the "biggest systemic risk" facing the U.S., yet no one at the federal level is charged with ensuring the risk is being addressed in an optimal way, Securities and Exchange Commission Chairman Mary Jo White said Friday.

SEC Finalizes ‘Tick Size’ Pilot for Smaller-Company Stock

wsj.com — WASHINGTON-The stock prices of more than 1,000 small U.S. companies will trade in increments of five cents under a long-awaited plan the Securities and Exchange Commission finalized late Wednesday. The SEC voted to finalize the highly-anticipated test program that will run for two years beginning next May.

‘Flash crash’ overhaul is snarled in red tape

marketwatch.com — A giant data project at the center of the regulatory response to the 2010 "flash crash" that sent the Dow industrials plummeting nearly 1,000 points is years behind schedule and mired in red tape. The Consolidated Audit Trail, or CAT, originally was conceived as a way to enable regulators to monitor stock and options orders in real time and zero in on manipulators quickly.

Regulators Sound Alarm on High-Frequency Trading Firms

wsj.com — WASHINGTON-Rapid-fire trading firms' use of increasingly complicated computerized trading programs may pose risks to the financial system, global regulators said in a report Thursday. Although high-frequency trading firms are said to have helped lower investors' trading costs overall, the speed of their trading has fueled concerns about the rapid pace at which risk can accumulate during the day at financial firms-risk that could...
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May 22, 2015

RT @JeffreyGoldberg: So many people here at Adas Israel for Shavuot, and so early. Maybe it's the special guest rabbi.

May 22, 2015

RT @TimJHanrahan: Proposed 2016 rate hikes by big #ACA insurers: NM:51.6% MD:30.4% OR:25% VA:13.2% IN:3.8% CT:2% on.wsj.com/1Hx73W6 by @louiseradnofsky

May 20, 2015

RT @cmatthews9: Another week, another mega-bank settlement - Global banks to pay $5.6 billion in FX, Libor probe on.wsj.com/1AeVR0B @aviswantha @wsj

May 20, 2015

@ealanza In context of the rules the sec proposed today.

May 20, 2015

The muni market -- a gigantic backwater -- has had access equals delivery for about 9 years? msrb.org/Rules-and-Inte…

May 20, 2015

"Access-equals-delivery" is my favorite industry jargon

May 20, 2015

ICI is "very pleased" the SEC will permit funds to provide investors with shareholder reports online rather than paper mailings.

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