Federal Reserve Governor Lael Brainard has dissented in four votes since April, opposing deregulatory efforts by appointees of President Donald Trump. Stanford University finance professor Darrell Duffie applauds the dissent, calling the previous tradition of no dissent unhealthy. MLex (subscription required) (15 Mar.)
Daylight saving time has created an anomaly in trading data gathered as part of Europe's revised Markets in Financial Instruments Directive, according to studies by Aquis Exchange and BestExHub. "It makes comparing trends between winter and summer near enough impossible," BestExHub co-founder Daniel Mathews says. Financial News (UK) (subscription required) (14 Mar.)
A US Senate bill with bipartisan backing seeks to make it mandatory for the Financial Stability Oversight Council to look into other options before designating a nonbank a systemically important financial institution. Sen. Mike Crapo, chairman of the Senate banking committee, said the proposal would improve the council's transparency and effectiveness. Pensions & Investments (free access for SmartBrief readers) (15 Mar.)
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.